GP Estimation Rejected: Kanak Impex Becomes the Benchmark for Section 69C Cases SC dismisses the SLP: The Supreme Court has dismissed the SLP filed by Kanak Impex (India) Ltd., refusing to interfere with the Bombay High Court judgment dated 03.03.2025, thereby upholding the 100% disallowance of bogus purchases under Section 69C and not limiting…
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