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Income Tax - Highlights / Catch Notes

Home Highlights August 2020 Year 2020 This

Validity of reopening u/s.148 - Addition of bogus purchases - ...


Reopening Validity u/s 148: Examining Bogus Purchases and Hawala Operators in Income Tax Assessment.

August 7, 2020

Case Laws     Income Tax     AT

Validity of reopening u/s.148 - Addition of bogus purchases - there was a categorical information wherein the assessee’s name was appearing along with details of the parties from whom the assessee has made purchases which were found to be Hawala operator providing accommodation bogus bills. - Additions to be made at GP rate. - AT

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