329 results for “bogus purchases”+ Section 40Aclear
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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
section 40A(3). Apart from this, the assessee has not maintained any records to prove that the payments made by it fall within the exclusions prescribed in Rule 6DD. 12. While deleting the 75% of the addition made by the AO on account of bogus purchases