Reopening of assessment u/s 147 - Bogus software purchase - ...

Assessing Officer's Bogus Software Purchase Claim Dismissed; Depreciation Allowed u/s 147 Reassessment.

January 6, 2020

Case Laws Income Tax AT

Reopening of assessment u/s 147 - Bogus software purchase - Assessing Officer has accepted the net profit as per the books of account and merely on surmises and conjectures, treated the purchase of software as bogus yet allowing depreciation on software which is evident from the fixed assets schedule - Additions deleted.

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Reopening of assessment u/s 147 - Bogus software purchase - ...

Assessing Officer's Bogus Software Purchase Claim Dismissed; Depreciation Allowed u/s 147 Reassessment.

January 6, 2020

Case Laws Income Tax AT

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