9 results for “bogus purchases”+ Section 67clear
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In the result, the appeal of the assessee bearing ITA No
Bench: Dr. M. L. Meena & Sh. Anikesh Banerjee
67,94,540/-. The said party of the assessee is a seller and assessee purchased the goods from this party during this financial year. The grievance of the ld. AO was that the said party during this year had not filed the return of income and the payment amount of Rs.27,80,000/- was withdrawn by cash by the party