104 results for “bogus purchases”+ Section 132clear
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Bench: N.KUMAR,H.S.KEMPANNA
132 of the Act in the assessee’s case on 21.10.2003, when the assessee was intercepted at Bangalore Airport, carrying some unaccounted cash. The search resulted in seizure of cash of `40,00,000/-. Consequently, a notice under Section 153(A) of the Act was issued to the assessee on 02.04.2004 asking him to file a return. The said notice