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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Bogus purchases - What the assessee has done is that he tried to ...

Case Laws     Income Tax

June 28, 2016

Bogus purchases - What the assessee has done is that he tried to reduce the profit by showing artificial purchases. When the assessee was unable to show genuineness of those purchases the amount of profit is bound to be increased. - HC

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