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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Addition u/s 69C - bogus purchases - there is no evidence ...


Section 69C Addition for Bogus Purchases Overturned Due to Lack of Evidence from Assessing Officer on Payment Routing.

January 20, 2017

Case Laws     Income Tax     AT

Addition u/s 69C - bogus purchases - there is no evidence brought on record by the AO to establish that the said payments were routed back to the assessee, the addition made by the AO under section 69C of the Act is unsustainable - AT

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