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Income Tax - Highlights / Catch Notes

Home Highlights August 2017 Year 2017 This

Addition on unverified purchases - Even though the books of ...

Case Laws     Income Tax

August 28, 2017

Addition on unverified purchases - Even though the books of account have not been rejected, since the AO has clearly established that the purchases were bogus, there is no justification for accepting the contentions of the AR that only part of the purchase should be disallowed.

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