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Income Tax - Highlights / Catch Notes

Home Highlights January 2023 Year 2023 This

Bogus purchases - addition on the basis of information displayed ...

Case Laws     Income Tax

January 20, 2023

Bogus purchases - addition on the basis of information displayed on the website of the sale tax department. - Since the expenses were shown by the assessee under the head work in progress and has not been reflected in the trading account, therefore, no addition can be made. - AT

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