VAT Hawala Data Insufficient for 100% Disallowance: Bombay High Court Affirms Restriction to Profit Element in Bogus Purchase Cases Pr. CIT-3, Pune v. Ramelex Pvt. Ltd. (ITA No. 14 of 2022) Facts: 1. Assessee’s case was reopened under section 147 based on information from the DG (Investigation), Pune, citing that the assessee had made bogus…
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