59 results for “bogus purchases”+ Reopening of Assessmentclear
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In the result, the appeal filed by the Revenue is allowed for statistical purposes
Bench: Shri Chandra Poojari, Am & Shri George George K, Jm
reopening the assessment for assessment years 2011-2012 and 2012-2013. In the course of assessment proceedings, it was noticed that the partners of assessee firm had brought in capital investment and current account cash credits. The total cash introduced into the firm by various partners amounting to Rs.68 lakh for the assessment year 2011-2012. When asked to prove