41 results for “bogus purchases”+ Section 20clear
Sorted by relevance
Key Topics
Showing 1–20 of 41 · Page 1 of 3
Bench: SHRI MANOMOHAN DAS, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)
Sections 68 and 69C of the Act, and if the purchases are bogus, then it is not incumbent upon the Tribunal to restrict the disallowance only to certain percentage of such purchases. The SLP against the said decision was dismissed by the Hon'ble Supreme Court in case of N. K. Proteins Ltd. vs Deputy Commissioner of Income