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Income Tax - Highlights / Catch Notes

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Addition u/s 69C - bogus purchases - AO cannot make the addition ...


Income Tax: AO Can't Add u/s 69C for Bogus Purchases Based Solely on Sales Tax Info or Third-Party Statements.

January 20, 2017

Case Laws     Income Tax     AT

Addition u/s 69C - bogus purchases - AO cannot make the addition under section 69C of the Act by merely relying on information obtained from the Sales Tax Department, the statement/affidavit of third parties - AT

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