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Income Tax - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Bogus Purchases - assessee had purchased the goods in the months ...


Assessee's Delayed Payments Raise Suspicions of Bogus Purchases in 2008-09 Income Tax Assessment.

December 15, 2015

Case Laws     Income Tax     AT

Bogus Purchases - assessee had purchased the goods in the months of May and June, 2008. However, the payments have been made from September, 2009 onwards, i.e., after expiry of about one and half years - assessee has failed to establish the genuineness of purchases - AT

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