223 results for “bogus purchases”+ Section 270clear
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In the result, both the appeals of the assessee are partly allowed and both the appeals of the revenue are dismissed
Bench: Sh. H. S. Sidhudr. B. R. R. Kumar(Through Video Conferencing) Ita No. 2805/Del/2018 : Asstt. Year : 2013-14 Ita No. 2806/Del/2018 : Asstt. Year : 2014-15 M/S Amq Agro India Pvt. Ltd. Vs Asstt. Commissioner Of Income C-134, Ground Floor, Defence Tax, Central Circle-19, Colony, New Delhi-110024 New Delhi (Appellant) (Respondent) Pan No. Aaeca0929M
270/- is included in the overall disallowance of Rs. 21,94,53,432/-. 19. It was argued that the assessee company has done corresponding export sales during the relevant assessment year which would not have been possible, had the purchases been bogus. 20. It was argued that the theory of bogus purchases introduced in the assessment order is not based