Entire Purchase can’t be treated as Bogus when payment has been made through Banking Channels: ITAT

The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the entire purchases cannot be treated as bogus when it is evident that the payments were made through accounted money or through banking channels. The assessee is an individual engaged in the business of gold. During the course of the survey, it […]

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