1,128 results for “bogus purchases”+ Section 148clear
Sorted by relevance
Key Topics
Showing 1–20 of 1,128 · Page 1 of 57
Bench: Shri Prashant Maharishi & Shri K. N. Chary
148 and section 132 of the Act are for the benefit of revenue therefore similar principles applies to it also. Proceedings u/s 153A and subsequent section deals with taxation and computation of undisclosed income found during the course of search, which naturally cannot be the loss. We also have other reason for showing infirmities in those statements when we consider