37 results for “bogus purchases”+ Section 40A(3)clear
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In the result, the appeals of the revenue are dismissed and appeals of assessee are allowed in the terms indicated above
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
40A(3) of the Worthy CIT(A) impugned addition made purely Act on the basis of books of accounts and during the year under consideration assessee company has not made any cash purchases from the parties mentioned in the impugned order, copy of ledger account was also filed on record. So, it is requested that addition made