35 results for “bogus purchases”+ Section 27clear
Sorted by relevance
Key Topics
Showing 1–20 of 35 · Page 1 of 2
Bench: Shri Manomohan Das & Shri Rakesh Mishra
bogus purchase may be added to the total income. If such was the factual position in the case on hand then it is incumbent upon the Assessing Officer to inquire into the matter and take the proceedings to the logical end. Having not done so, the PCIT was fully justified in exercising jurisdiction under Section 263 of the Act. Thus