Validity of reopening of assessment - reasons to believe - ...

Assessment Reopened Due to Grey Market Purchases; 12.50% Added to Bogus Transactions Confirmed as Valid by Authorities.

April 10, 2018

Case Laws Income Tax AT

Validity of reopening of assessment - reasons to believe - purchases from grey market - addition @ 12.50% of alleged bogus purchases - Dealings in the grey market give the assessee various savings at the expense of the Exchequer - additions confirmed - AT

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Validity of reopening of assessment - reasons to believe - ...

Assessment Reopened Due to Grey Market Purchases; 12.50% Added to Bogus Transactions Confirmed as Valid by Authorities.

April 10, 2018

Case Laws Income Tax AT

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