5 results for “reassessment u/s 147”+ Disallowanceclear
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Bench: This Court In Itat/27/2022, Itat/32/2022 And
147 of the Act, on 30/03/2015 on the basis of incriminating information received by the AO. In the said assessment order it was established that expenditure worth 4 Rs.54,14,476/-, claimed by you as purchase, was bogus. When expenditure is established as bogus, there is no provision in the act, whereby partial disallowance to the bogus expenditure