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Income Tax - Highlights / Catch Notes

Home Highlights February 2017 Year 2017 This

Bogus purchases - addition made u/s 69C - assessee is making ...

Case Laws     Income Tax

February 4, 2017

Bogus purchases - addition made u/s 69C - assessee is making local purchases without any transportation bills, delivery challans etc., the possibility of the Assessee making purchases in grey market on cash cannot be ruled out - AO directed to disallow 2% of the above purchases to meet the anomalies - AT

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