Wednesday, 1 April 2015

ITAT not justified in deleting additions if assessee failed to prove identify of supplier for certai

IT : Where Assessing Officer made addition to assessee's income under section 69C in respect of bogus purchases, in view of failure of assessee to even prove existence of suppliers, Tribunal could not delete impugned addition and direct Assessing Officer to assess income at net profit rate of 6 per cent


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