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Income Tax - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

Addition u/s 69C - unexplained purchases calculated on the basis ...


Unexplained Purchases u/s 69C: Transactions with Dubious Supplier Deemed Paper-Based, Lacking Substantial Evidence.

December 18, 2019

Case Laws     Income Tax     AT

Addition u/s 69C - unexplained purchases calculated on the basis of peak credit - The transactions reported by the assessee from the tainted supplier and the payment through banking channels could not be held to be more than paper transactions.

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