Estimation of income - bogus purchases - Once, it is established ...
Case Laws Income Tax
November 30, 2021
Estimation of income - bogus purchases - Once, it is established beyond doubt that the assessee has not debited the purchases in the profit and loss account, the question of making any disallowance either treating them as bogus or against the violation of the provisions of section 40A(3) of the Act does not arise. - AT
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