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Income Tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Suppression of profit of bogus purchases - held that:- when the ...


Court Rules Sales Acceptance Confirms Validity of Purchases; Profit Suppression Claims on Bogus Purchases Rejected.

August 3, 2012

Case Laws     Income Tax     AT

Suppression of profit of bogus purchases - held that:- when the sales have been accepted, there is no question of disputing the purchases because no sales could be made without purchases. - AT

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