Purchase of material in the grey market - the addition, which ...

Tax Authorities Confirm Profit Additions on Grey Market Purchases; VAT Claims Deemed Bogus by CIT(A.

November 12, 2018

Case Laws Income Tax AT

Purchase of material in the grey market - the addition, which could be made, was to account for profit element embedded in these purchase transactions to factorize for profit earned by assessee against possible purchase of material in the grey market and undue benefit of VAT against such bogus purchases - Additions by the CIT(A) confirmed.

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Purchase of material in the grey market - the addition, which ...

Tax Authorities Confirm Profit Additions on Grey Market Purchases; VAT Claims Deemed Bogus by CIT(A.

November 12, 2018

Case Laws Income Tax AT

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