No Evidence Found for Bogus Purchases or Sales; No Additions Made u/s 41(1) to Tax Liability.

No Evidence Found for Bogus Purchases or Sales; No Additions Made u/s 41(1) to Tax Liability. https://www.taxtmi.com/highlights?id=42606 Addition as cessation of liability u/s 41(1) - There is no finding by the AO that the purchases were bogus and corresponding sales are also bogus - no corroborative evidence brought on record to make addition - No additions. en-us Tue, 13 Nov 2018 10:35:58 +0530 Tue, 13 Nov 2018 10:35:58 +0530 TaxTMI RSS Generator No Evidence Found for Bogus Purchases or Sales; No Additions Made u/s 41(1) to Tax Liability. https://www.taxtmi.com/highlights?id=42606 Addition as cessation of liability u/s 41(1) - There is no finding by the AO that the purchases were bogus and corresponding sales are also bogus - no corroborative evidence brought on record to make addition - No additions. Highlights Income Tax Tue, 13 Nov 2018 10:35:58 +0530 https://www.taxtmi.com/highlights?id=42606