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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Bogus purchases - the purchases shown by the assessee is not in ...

Case Laws     Income Tax

April 3, 2017

Bogus purchases - the purchases shown by the assessee is not in doubt, but the assessee might have not purchased from these parties who he might have purchased it from the grey market. Therefore, entire purchases cannot be added to the total income of the assessee - AT

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