2 results for “bogus purchases”+ Section 43(1)clear
Sorted by relevance
Bench: Shri Rajesh Kumar & Shri Sonjoy Sarma]
purchase of steel scraps. Accordingly the AO came to the conclusion that the money received from Shree Mahalaxmi Steels is bogus and is accommodation entry and accordingly the same was added to the income of the assessee in the assessment framed u/s 143(3) of the Act dated 4.3.2016. 4. In the appellate proceedings, the Ld. CIT(A), after discussing