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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Bogus purchases - AO has brought out clear facts in the light of ...

Case Laws     Income Tax

August 22, 2019

Bogus purchases - AO has brought out clear facts in the light of information received from ST Department coupled with further enquiries that purchases from above two parties are bogus in nature which are not supported by necessary evidence and taxed profit element embedded in those purchases @12.50% - there is no reason to interfere

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