373 results for “bogus purchases”+ Business Incomeclear
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Bench: Shri Pawan Singh & Dr. Arjun Lal Saini
business of trading in diamonds in the name of Proprietary concern ‘Sai Krupa Trading Co’. The assessee filed his return of income for assessment year 2008-09 declaring of Rs.2,89,947/- on 25.09.2008. The case of assessee was reopened on the basis of information received from DIT(Inv.),Mumbai that assessee is one of the beneficiaries of bogus purchase