Bogus purchases - applicability of sec 69/69A - The onus for the ...

Tax Authority Must Prove Gains from Bogus Purchases; 1% Addition Confirmed u/s 69C of Income Tax Act.

July 21, 2016

Case Laws Income Tax AT

Bogus purchases - applicability of sec 69/69A - The onus for the gain associated with the procurement of bills (and purchase of goods from the grey market), we may add, is on the Revenue. - The addition for 1% of the impugned purchases (u/s. 69C) is, in any case, confirmed. - AT

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Bogus purchases - applicability of sec 69/69A - The onus for the ...

Tax Authority Must Prove Gains from Bogus Purchases; 1% Addition Confirmed u/s 69C of Income Tax Act.

July 21, 2016

Case Laws Income Tax AT

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