Tax Only Profit in Bogus Purchases; Entire Unsubstantiated Amounts Shouldn't Be Taxed. https://www.taxtmi.com/highlights?id=45748 Taxability of Bogus purchase - Estimation of profit - in cases where purchases are not proved with necessary evidences, only profit element embedded on those purchases needs to be taxed. en-us Mon, 08 Apr 2019 09:32:50 +0530 Mon, 08 Apr 2019 09:32:50 +0530 TaxTMI RSS Generator Tax Only Profit in Bogus Purchases; Entire Unsubstantiated Amounts Shouldn't Be Taxed. https://www.taxtmi.com/highlights?id=45748 Taxability of Bogus purchase - Estimation of profit - in cases where purchases are not proved with necessary evidences, only profit element embedded on those purchases needs to be taxed. Highlights Income Tax Mon, 08 Apr 2019 09:32:50 +0530 https://www.taxtmi.com/highlights?id=45748