https://www.taxtmi.com/highlights?id=60704 Estimation of income - bogus purchases - Once, it is established beyond doubt that the assessee has not debited the purchases in the profit and loss account, the question of making any disallowance either treating them as bogus or against the violation of the provisions of section 40A(3) of the Act does not arise. - AT en-us Tue, 30 Nov 2021 13:38:02 +0530 Tue, 30 Nov 2021 13:38:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60704 Estimation of income - bogus purchases - Once, it is established beyond doubt that the assessee has not debited the purchases in the profit and loss account, the question of making any disallowance either treating them as bogus or against the violation of the provisions of section 40A(3) of the Act does not arise. - AT Highlights Income Tax Tue, 30 Nov 2021 13:38:02 +0530 https://www.taxtmi.com/highlights?id=60704