Thursday, 2 April 2015

HC upheld sec. 69C additions as certain purchases were made from a person running a dummy business

IT: Where assessee-firm, engaged in business of zips for shoes etc, showed certain purchases made from 'G' Enterprises, in view of fact that proprietor of 'G' Enterprises admitted that he was running a dummy business, Assessing Officer was justified in making addition under section 69C in respect of bogus purchases


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