29 results for “bogus purchases”+ Section 10Aclear
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In the result appeals of the assessee are partly allowed for statistical purposes and the appeals of the revenue are dismissed
Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]
bogus because the purchases are supported by proper invoices duly reflected in the books of account. The payment reflected in the bank statement of the assessee. There is no evidence to show that the assessee has received cash back from the suppliers. I find that the assessee had discharged the initial onus of proving the genuineness of the transactions