59 results for “bogus purchases”+ Section 35(1)(ii)clear
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Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
purchases are shown on credit of much longer period from bogus and paper concerns. M/s Narula Solvex P Ltd. is a sister concern of the assessee company, operates in same line of business, managed by common management and accordingly it is natural that similar practice is adopted by the assessee also.” 6.1 Related argumentby challenging the maintainability of section 153D