https://www.taxtmi.com/highlights?id=55065 Penalty u/s 271(1)(c) - bogus purchases - No clinching material had been brought on record by the revenue which could disprove the authenticity of the purchases claimed by the assessee to have been made from the aforementioned parties, no penalty u/s 271(1)(c) could have thus validly been imposed upon him - AT en-us Thu, 08 Oct 2020 11:46:12 +0530 Thu, 08 Oct 2020 11:46:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55065 Penalty u/s 271(1)(c) - bogus purchases - No clinching material had been brought on record by the revenue which could disprove the authenticity of the purchases claimed by the assessee to have been made from the aforementioned parties, no penalty u/s 271(1)(c) could have thus validly been imposed upon him - AT Highlights Income Tax Thu, 08 Oct 2020 11:46:12 +0530 https://www.taxtmi.com/highlights?id=55065