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Income Tax - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

Bogus purchases - possible inflation of purchase price - 25% of ...


Court Disallows 25% of Payments Due to Suspected Inflation of Purchase Prices in Bogus Transactions Case.

June 29, 2016

Case Laws     Income Tax     HC

Bogus purchases - possible inflation of purchase price - 25% of the payments made to the parties shall be disallowed on account of possible inflation of purchase price. - HC

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