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1 result for “bogus purchases”+ Business Incomeclear

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Key Topics

Section 2605

RAMESH HARIBHAU GAWALI vs. THE INCOME TAX OFFICER - I AHMEDNAGAR

The appeal stands dismissed

ITA/29/2019HC Bombay04 Jan 2024

Bench: HON'BLE SMT. JUSTICE VIBHA KANKANWADI,HON'BLE SHRI JUSTICE S. G. CHAPALGAONKAR

Section 143(2)Section 143(3)Section 260

business establishments and they have neither encashed the cheques from the bank, nor received the amount from third parties i.e. to the extent of Rs.13,10,000/- as it was claimed by the appellant that he has spent that amount on purchase of marble. It was found that the expenses incurred were bogus expenses. We have made inquiry with