Only real income can be taxed under Income Tax Act – Bogus Purchase addition restricted to 10%
June 6, 2017
Income Tax, ITAT, Judgments
Only real income can be taxed under Income Tax Act. Even if whole transaction is not verifiable only income component not the entire purchase taxable ABCAUS Case Law Citation: ABCAUS 1275 (2017) (05) ITAT The Grievance: The appellant assessee was aggrieved by the order passed by the Commissioner …