Addition on account of bogus creditors - non-producing the ...

Court Finds No Justification to Doubt Authenticity of Outstanding Balances Due to Alleged Bogus Creditors.

April 8, 2021

Case Laws Income Tax AT

Addition on account of bogus creditors - non-producing the parties in person - When the purchases from the parties were accepted and the sales made out of those purchases were not doubted, the payments outstanding in the name of those parties were accepted in the subsequent year, then there was no reason to doubt the genuineness of the outstanding balance. - AT

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Addition on account of bogus creditors - non-producing the ...

Court Finds No Justification to Doubt Authenticity of Outstanding Balances Due to Alleged Bogus Creditors.

April 8, 2021

Case Laws Income Tax AT

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