Taxpayer's Income Adjusted for Bogus Purchases; 10% GP Rate Applied on Hawala Transactions Plus Reported GP Rate.

Taxpayer's Income Adjusted for Bogus Purchases; 10% GP Rate Applied on Hawala Transactions Plus Reported GP Rate. https://www.taxtmi.com/highlights?id=35009 Bogus purchases - Addition made on account of purchases from the hawala parties - addition is to be restricted by applying GP rate of 10% on the said purchases over and above the GP rate shown by the assessee. - AT en-us Sat, 27 May 2017 10:48:52 +0530 Sat, 27 May 2017 10:48:52 +0530 TaxTMI RSS Generator Taxpayer's Income Adjusted for Bogus Purchases; 10% GP Rate Applied on Hawala Transactions Plus Reported GP Rate. https://www.taxtmi.com/highlights?id=35009 Bogus purchases - Addition made on account of purchases from the hawala parties - addition is to be restricted by applying GP rate of 10% on the said purchases over and above the GP rate shown by the assessee. - AT Highlights Income Tax Sat, 27 May 2017 10:48:52 +0530 https://www.taxtmi.com/highlights?id=35009