https://www.taxtmi.com/highlights?id=71432 Penalty u/s 271(1)(c) - Estimation of income on bogus purchases - Once the quantitative details of purchases and the corresponding quantitative sales have not been disturbed and has been accepted, then there cannot be any case for levy of penalty on account of alleged bogus purchases. - No penalty - AT en-us Fri, 11 Aug 2023 13:53:56 +0530 Fri, 11 Aug 2023 13:53:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=71432 Penalty u/s 271(1)(c) - Estimation of income on bogus purchases - Once the quantitative details of purchases and the corresponding quantitative sales have not been disturbed and has been accepted, then there cannot be any case for levy of penalty on account of alleged bogus purchases. - No penalty - AT Highlights Income Tax Fri, 11 Aug 2023 13:53:56 +0530 https://www.taxtmi.com/highlights?id=71432