Bogus purchases - Additions u/s 69C - assessee has not provided ...

Court Rules: Missing PAN Numbers Alone Can't Discredit Assessee's Explanation for Purchases u/s 69C.

June 16, 2015

Case Laws     Income Tax     AT

Bogus purchases - Additions u/s 69C - assessee has not provided PAN No. of the parties - This cannot be the sole reason for disbelieving the explanation of the assessee, when the payments have been made by cheque duly reflected in the bank statement of the assessee - AT

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