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Income Tax - Highlights / Catch Notes

Home Highlights January 2018 Year 2018 This

Bogus purchase - it is strange that assessee wants the Revenue ...


Assessee's Challenge Fails: Revenue's Additions Confirmed Due to Unreliable Purchase Bills from Non-Existent Vendors.

January 9, 2018

Case Laws     Income Tax     AT

Bogus purchase - it is strange that assessee wants the Revenue to produce assessee’s own vendors, whom the assessee could not produce. The purchase bills from these non-existent/bogus parties cannot be taken as cogent evidence of purchases - additions confirmed - AT

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