Assessee's Taxable Profit Increased Due to Fictitious Purchases; Failed to Prove Authenticity When Challenged.

Assessee's Taxable Profit Increased Due to Fictitious Purchases; Failed to Prove Authenticity When Challenged. https://www.taxtmi.com/highlights?id=29994 Bogus purchases - What the assessee has done is that he tried to reduce the profit by showing artificial purchases. When the assessee was unable to show genuineness of those purchases the amount of profit is bound to be increased. - HC en-us Tue, 28 Jun 2016 18:41:16 +0530 Tue, 28 Jun 2016 18:41:16 +0530 TaxTMI RSS Generator Assessee's Taxable Profit Increased Due to Fictitious Purchases; Failed to Prove Authenticity When Challenged. https://www.taxtmi.com/highlights?id=29994 Bogus purchases - What the assessee has done is that he tried to reduce the profit by showing artificial purchases. When the assessee was unable to show genuineness of those purchases the amount of profit is bound to be increased. - HC Highlights Income Tax Tue, 28 Jun 2016 18:41:16 +0530 https://www.taxtmi.com/highlights?id=29994