Accepted Sales Mean Purchases Cannot Be Ignored: ITAT Restricts Bogus Purchase Addition to 1% Can the Income Tax Department Treat Purchases as Bogus When the Corresponding Sales Are Accepted? Allegations of bogus purchases continue to be one of the most litigated issues under the Income-tax Act. Quite often, the Investigation Wing identifies certain suppliers as…
The post Accepted Sales Mean Purchases Cannot Be Ignored: ITAT Restricts Bogus Purchase Addition to 1% appeared first on The Tax Talk.
