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Income Tax - Highlights / Catch Notes

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Disallowance on account of bogus purchases - Merely because ...

Case Laws     Income Tax

January 18, 2016

Disallowance on account of bogus purchases - Merely because notices u/s 133(6) could not be served on the suppliers, assessee- buyer cannot be put to an inconvenience of disallowance when he has provided the correct address of those parties - AT

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  12. Estimation of income - Bogus purchases - The Tribunal considered similar cases and upheld the decision to restrict the disallowance to 6% of the impugned purchases. They...

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