1 result for “bogus purchases”+ Section 271(1)(b)clear
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b) thus stands dismissed. Ground No 4: Addition u/s 41(1) of the Act 6.12 In the course of the assessment proceedings, upon a verification of outstanding/unpaid balances of sundry ITAT-Panaji Page 35 of 42 Prime Mineral Exports Pvt. Ltd.(Now Amalgamated with Fomento Resources Pvt. Ltd.) Vs JCIT, Panaji ITA Nos.003/PAN/2023 AY: 2009-10 creditor it was revealed