https://www.taxtmi.com/highlights?id=33724 Bogus purchases addition - The only valid argument is that there could be no sales without purchases. But the price at which the goods were purchased remained a grey colour when admittedly the payment was made in cash. As the undisputed fact that the payments were made in cash under section 40A(3) is attracted - AT en-us Tue, 14 Mar 2017 09:51:47 +0530 Tue, 14 Mar 2017 09:51:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=33724 Bogus purchases addition - The only valid argument is that there could be no sales without purchases. But the price at which the goods were purchased remained a grey colour when admittedly the payment was made in cash. As the undisputed fact that the payments were made in cash under section 40A(3) is attracted - AT Highlights Income Tax Tue, 14 Mar 2017 09:51:47 +0530 https://www.taxtmi.com/highlights?id=33724