undisclosed purchases

  • Income Tax

Addition for undisclosed purchases based on diary of supplier deleted as no addition was made for unaccounted sales in the hand of supplier

Addition for undisclosed purchases based on diary of supplier deleted as no addition was made for unaccounted sales in the…

6 years ago
  • Income Tax

Entire amount of undisclosed purchases can not be added as profit. In absence of information on sales, only profit element can be taxed – ITAT

Entire amount of undisclosed purchases can not be added as profit. In absence of information on sales of such purchases…

7 years ago