Additions towards alleged bogus purchases - CIT(A) has taken one ...

CIT(A) Upholds Profit Estimation Method, Reduces Alleged Bogus Purchases Profit Rate to 3% Considering Industry Nature.

January 3, 2020

Case Laws Income Tax AT

Additions towards alleged bogus purchases - CIT(A) has taken one of the possible method for estimation of profit to settle dispute between the parties and also considering nature of industry and BEP rate has scaled down profit estimated by the AO to 3% on alleged bogus purchases. - Order of CIT(A) sustained.

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Additions towards alleged bogus purchases - CIT(A) has taken one ...

CIT(A) Upholds Profit Estimation Method, Reduces Alleged Bogus Purchases Profit Rate to 3% Considering Industry Nature.

January 3, 2020

Case Laws Income Tax AT

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