https://www.taxtmi.com/highlights?id=70257 Disallowance of paddy purchase - purchases from Societies and Samathies - A bogus purchase implies no purchase, while verification w.r.t. s. 40A(3) necessarily implies a seller and a purchaser, i.e., a payer and payee, both of whom coalesce into one in case of a bogus claim. - AT en-us Sat, 10 Jun 2023 11:42:58 +0530 Sat, 10 Jun 2023 11:42:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=70257 Disallowance of paddy purchase - purchases from Societies and Samathies - A bogus purchase implies no purchase, while verification w.r.t. s. 40A(3) necessarily implies a seller and a purchaser, i.e., a payer and payee, both of whom coalesce into one in case of a bogus claim. - AT Highlights Income Tax Sat, 10 Jun 2023 11:42:58 +0530 https://www.taxtmi.com/highlights?id=70257