42 results for “bogus purchases”+ Section 32clear
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Bench: SHRI MANOMOHAN DAS, JUDICIAL MEMBER SHRI SANJAY AWASTHI (Accountant Member)
bogus purchase is made u/s 69C of the Act, by considering it as an unexplained expenditure. The said section reads as under: "Unexplained expenditure, etc. 69C. Where in any financial year an assessee has incurred any expenditure and he offers no explanation about the source of such expenditure or part thereof, or the 11 I.T.A. Nos. 32