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Income Tax - Highlights / Catch Notes

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Bogus purchases or sales u/s 69C - genuineness of the ...


Additions u/s 69C for Bogus Purchases Require Proper Inquiry to Verify Transaction Authenticity.

February 12, 2020

Case Laws     Income Tax     HC

Bogus purchases or sales u/s 69C - genuineness of the transaction - Without causing such necessary enquiries in respect of the purchases, it was not open to the Assessing Officer to make the addition u/s 69C.

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