https://www.taxtmi.com/highlights?id=47057 Addition of bogus purchases - The CIT (A) came to the conclusion that it is a case of purchases from gray market and thereafter, bills have been procured from hawala operators - then neither the entire purchases can be considered as bogus nor the assessee be allowed to go scot free for not proving the genuineness of the purchases - addition to 10% of bogus purchases en-us Sat, 08 Jun 2019 07:40:53 +0530 Sat, 08 Jun 2019 07:40:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47057 Addition of bogus purchases - The CIT (A) came to the conclusion that it is a case of purchases from gray market and thereafter, bills have been procured from hawala operators - then neither the entire purchases can be considered as bogus nor the assessee be allowed to go scot free for not proving the genuineness of the purchases - addition to 10% of bogus purchases Highlights Income Tax Sat, 08 Jun 2019 07:40:53 +0530 https://www.taxtmi.com/highlights?id=47057