Arm twisting stratergy

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....rm twisting stratergy<br> Query (Issue) Started By: - dakshesh shah Dated:- 7-3-2015 Income Tax<br>Income Tax<br>Dear Sir, Please guide us what to do regarding issue of IT related to bogus purchase. ....

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....We are told by IT that we should accept amount and pay as per the 12.5&#37; profit ratio for eg: - if purchase of &#8377; 1000000/- is bogus purchase as per them then we have to accept 12.5&#37; profi....

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....t and on that profit they will charge 30&#37; income tax + interest + Penalty if we accept this way or if we dont then they will charge whole 12.5&#37; (known as 100&#37; addition) and they will issue....

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.... order. Please guide us what a common person should do about this.<br> Discussion Forum - Knowledge Sharing ....