139 results for “bogus purchases”+ Section 37(1)clear
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section 147 of the Income Tax Act 1961. 3. On the facts and circumstances of the appellant’s case and in law the Ld Commissioner of Income Tax (Appeals) erred in confirming the action of LD. AO in holding that the assessee has entered into accommodation transactions of bogus purchases with Pravin Kumar Jain group without any material evidence