The High Court of Bombay held that though genuineness of the purchases and sales were not proved, yet it was noted that the Assessing Officer(AO) had accepted the sales and gross profit declared in the return of income. CIT(A) held that there can be no sales without purchases. When the sales were accepted, then the […]
from Taxscan | Simplifying Tax Laws https://ift.tt/36Eaf54
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