https://www.taxtmi.com/highlights?id=33913 Estimation of profit - purchase from hawala operators - bogus purchases - CIT(A) estimated GP @ 17.5% on alleged bogus purchases as against 7.11% declared by the assessee - if GP is estimated to tune of 12.5% of the purchases from these alleged hawala operators which will cover any leakage of Revenue by way of VAT, commission etc. - AT en-us Thu, 23 Mar 2017 09:47:52 +0530 Thu, 23 Mar 2017 09:47:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=33913 Estimation of profit - purchase from hawala operators - bogus purchases - CIT(A) estimated GP @ 17.5% on alleged bogus purchases as against 7.11% declared by the assessee - if GP is estimated to tune of 12.5% of the purchases from these alleged hawala operators which will cover any leakage of Revenue by way of VAT, commission etc. - AT Highlights Income Tax Thu, 23 Mar 2017 09:47:52 +0530 https://www.taxtmi.com/highlights?id=33913