3 results for “bogus purchases”+ Section 44clear
Sorted by relevance
44,507.29 = Rs. 15,53,487.72) to the following year. By the assessment order dated 30.03.1999, the Deputy Commissioner of Income-Tax assessed the appellant’s income at a figure of Rs. 47,03,120.00. This was because: (i) Disallowance of claim of depreciation of purchase and lease of cinematographic films held to be bogus