Penalty Imposed for Bogus Purchases u/s 271(1)(c); Assessee Found With Undisclosed Income Via False Entries.

Penalty Imposed for Bogus Purchases u/s 271(1)(c); Assessee Found With Undisclosed Income Via False Entries. https://www.taxtmi.com/highlights?id=37206 Penalty u/s 271(1)(c) - bogus purchase found during search - as per a specific provision of explanation 5A assessee has been found to be owner of undisclosed income by furnishing inaccurate particulars of income, based upon entry of bogus purchases in its books of account - penalty confirmed - AT en-us Mon, 18 Dec 2017 09:18:44 +0530 Mon, 18 Dec 2017 09:18:44 +0530 TaxTMI RSS Generator Penalty Imposed for Bogus Purchases u/s 271(1)(c); Assessee Found With Undisclosed Income Via False Entries. https://www.taxtmi.com/highlights?id=37206 Penalty u/s 271(1)(c) - bogus purchase found during search - as per a specific provision of explanation 5A assessee has been found to be owner of undisclosed income by furnishing inaccurate particulars of income, based upon entry of bogus purchases in its books of account - penalty confirmed - AT Highlights Income Tax Mon, 18 Dec 2017 09:18:44 +0530 https://www.taxtmi.com/highlights?id=37206