53 results for “bogus purchases”+ TDSclear
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Bench: Shri Pawan Singh, Hon'Ble & Dr. A. L. Saini, Hon'Ble Accountnat Member (Physical Court Hearing) Sl.
bogus is not sustainable, for the simple reason that assessee was working as commission agent and impugned purchases have not been claimed as expenses, hence findings of AO are rejected. It has been proved beyond doubt that assesse has earned only commission income of Rs.6,67,276/- on entire business transactions by keeping mark up (profit margin) in the range