594 results for “bogus purchases”+ Section 153clear
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In the result all the three appeals of the assessee are allowed
Bench: Shri G.D. Agrawal, Hon’Ble & Shri K.Narasimha Chary
section 153-A of the Act was erroneous insofar as it is prejudicial to the interest of revenue, since the Learned Assessing Officer failed to complete the assessment order in accordance with his own findings. According to the Pr.CIT, having reached a conclusion that a particular amount represented the purchases from bogus