47 results for “bogus purchases”+ Section 54clear
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In the result, the appeal filed by the assessee is allowed
Bench: Sh. Manoj Kumar Aggarwal & Sh. Udayan Dasgupta
purchases to the Appellant are bogus in nature it is pertinent to 7 I.T.A. No. 9/Asr/2024 Assessment Year: 2014-15 note that the documents viz invoices, bank entries eto are created to give a picture that the transactions are genuine when the fact is that the transactions are bogus as admitted by Shri Ashok Kumar Gupta. In view