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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Addition of bogus purchases - There is no doubt that these ...


Revenue Authorities Criticized for Accepting Bogus Purchases as Genuine Despite Overwhelming Evidence of Fraudulent Transactions.

April 5, 2018

Case Laws     Income Tax     AT

Addition of bogus purchases - There is no doubt that these parties are non-existent - purchase bills from these non-existent the/bogus parties cannot be taken as cogent evidence of purchases, in light of the overwhelming evidence the revenue authorities cannot put upon blinkers and accept these purchases as genuine. - AT

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