Reopening of assessment u/s 147 - Bogus purchases - In view of ...

Case Laws Income Tax

July 30, 2022

Reopening of assessment u/s 147 - Bogus purchases - In view of failure on the part of the assessee in substantiating the purchases from those two parties, the Assessing Officer in background of the information in investigation report, interalia, those parties were engaged in providing accommodation entries, without physical delivery of goods, held the purchases from those two parties as bogus purchases. - Additions confirmed - AT

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Reopening of assessment u/s 147 - Bogus purchases - In view of ...

Case Laws Income Tax

July 30, 2022

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