The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that 100 percent disallowance cannot be made in respect of bogus purchase when the sales made by the assessee are not doubted. The assessee in the instant case is engaged in the business of trading in steel & scrap. On basis of […]
The post 100% Disallowance for Bogus Purchase can’t be made when Sales are not Doubted: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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