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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Bogus purchases - oil cakes shown as purchases by the assessee ...


Tribunal Finds Oil Cake Purchases from 33 Parties Fake, Disallows 25% of Purchase Price.

January 22, 2015

Case Laws     Income Tax     HC

Bogus purchases - oil cakes shown as purchases by the assessee from 33 parties were not genuine transactions -Tribunal was justified in disallowing 25% of the purchase price - HC

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