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Income Tax - Highlights / Catch Notes

Home Highlights December 2017 Year 2017 This

Disallowance of bogus purchase - Since, sales have not been ...


Tax Case: 6% Disallowance on Bogus Purchases Upheld; Full Disallowance Deemed Unsustainable by Appeals Commissioner.

December 15, 2017

Case Laws     Income Tax     AT

Disallowance of bogus purchase - Since, sales have not been doubted; entire disallowance of purchase is not sustainable - 6% disallowance of bogus purchase sustained by the Commissioner of Income Tax (Appeals) is appropriate - AT

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