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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Bogus purchases - when the hawala person himself had admitted ...


Hawala Operator's Admission: Bogus Purchases from Grey Market Not Added as Income for Assessee.

April 27, 2017

Case Laws     Income Tax     AT

Bogus purchases - when the hawala person himself had admitted that he had arranged the purchases from grey market and got them supplied, the addition on account of so called alleged bogus purchases cannot be added as income of the assessee - AT

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