211 results for “bogus purchases”+ Section 132(4)clear
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Bench: Shri Pawan Singh & Dr. Arjun Lal Sainiit(Ss)A Nos. 40, 41, 42, 43 & 115/Srt/2021 (Assessment Years 2010-11 To 2014-15) (Physical Hearing) Siddhi Vinayak Knots & Prints D.C.I.T., Pvt. Ltd., Central Circle-2, Vs. A-26, Central Park, Gidc, Surat. Pandesara, Surat-394221. Pan No. Aamcs 4421 L Appellant/ Assessee Respondent/ Revenue
bogus purchases cannot be ignored. The books of assessee was rejected under Section 145(3) of the Act and the Assessing Officer estimated the addition of such alleged purchases @ 18%. The Assessing Officer prepared the summary of purchases IT(SS)A 40 to 45, 115, 112 & 50/Srt./2021 Siddhi Vinayak Knots & Prints Pvt. Ltd. Vs DCIT shown from all these