https://www.taxtmi.com/highlights?id=44987 Sale tax paid on sales return - allegation of bogus sales - allowable business loss - When the factum of sales return has been proved in favour of the assessee and payment of sale tax by the assessee on the said fictitious sales is not disputed same has to allowable as business loss. en-us Fri, 08 Mar 2019 08:06:20 +0530 Fri, 08 Mar 2019 07:56:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=44987 Sale tax paid on sales return - allegation of bogus sales - allowable business loss - When the factum of sales return has been proved in favour of the assessee and payment of sale tax by the assessee on the said fictitious sales is not disputed same has to allowable as business loss. Highlights Income Tax Fri, 08 Mar 2019 08:06:20 +0530 https://www.taxtmi.com/highlights?id=44987