3 results for “bogus purchases”+ Section 50(2)clear
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In the result, the appeal of the assessee is allowed for statistical purposes and appeal of the revenue is dismissed
Bench: Dr. B. R. R. Kumarsh. Yogesh Kumar Us
2,58,60,033/- made on account of unexplained transactions/ unaccounted money and Rs. 104,19,713/- on account of undisclosed income/ unexplained transaction. The ld. CIT(A) has also confirmed an amount of Rs. Rs.12,96,390 on account of unexplained cash and Rs. 4,00,000 on account of unexplained money. 7. Aggrieved, with the order