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1 result for “bogus purchases”+ Section 245Dclear

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Key Topics

Section 683

BASIR AHMED SISODIA vs. THE INCOME TAX OFFICER

Appeal is allowed

C.A. No.-006110-006110 - 2009Supreme Court24 Apr 2020

Bench: HON'BLE MR. JUSTICE A.M. KHANWILKAR

Section 143(2)Section 24(1)Section 260ASection 272(1)(c)Section 68

bogus   entries   effected   by   the   appellant/assessee. Resultantly,   the   penalty   proceedings   under   Section   271   were initiated by the Officer.  That order, however, has now been set aside by the appellate authority [CIT(A)] in the appeal preferred by the appellant/assessee, vide order dated 13.1.2011 with a finding that the appellant/assessee had not made any concealment of 10 income   or   furnished   inaccurate