240 results for “bogus purchases”+ Section 253(5)clear
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Appeals of the assessee are partly allowed and 6 appeals of the ld AO are dismissed
Bench: Shri Bhavnesh Saini & Shri Prashant Maharishi
section 132(4) of the Act of Sri Sampat Shrama is incriminating material found during the course of search. We have observed that said statement of Sh. Sampat Sharma was recorded at his residential premises during search proceeding carried out separately. In our opinion, the statement of Sh. Sampat Sharma was not recorded in search proceeding of the assessee