https://www.taxtmi.com/highlights?id=30405 Bogus purchases - applicability of sec 69/69A - The onus for the gain associated with the procurement of bills (and purchase of goods from the grey market), we may add, is on the Revenue. - The addition for 1% of the impugned purchases (u/s. 69C) is, in any case, confirmed. - AT en-us Thu, 21 Jul 2016 10:39:37 +0530 Thu, 21 Jul 2016 10:39:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=30405 Bogus purchases - applicability of sec 69/69A - The onus for the gain associated with the procurement of bills (and purchase of goods from the grey market), we may add, is on the Revenue. - The addition for 1% of the impugned purchases (u/s. 69C) is, in any case, confirmed. - AT Highlights Income Tax Thu, 21 Jul 2016 10:39:37 +0530 https://www.taxtmi.com/highlights?id=30405