When AO accepts purchases as well as payments made by assessee ...

Assessing Officer Cannot Deem Creditor Balances Fictitious Without Evidence; Must Acknowledge Purchases and Payments.

September 23, 2015

Case Laws Income Tax AT

When AO accepts purchases as well as payments made by assessee to the concerned parties, he cannot treat the outstanding closing balance of the concerned creditors as bogus on purely conjectures and surmises - AT

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When AO accepts purchases as well as payments made by assessee ...

Assessing Officer Cannot Deem Creditor Balances Fictitious Without Evidence; Must Acknowledge Purchases and Payments.

September 23, 2015

Case Laws Income Tax AT

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