Bogus Purchase Bill

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....ogus Purchase Bill<br> Query (Issue) Started By: - Prashant Premlani Dated:- 23-12-2015 Last Reply Date:- 23-12-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Sir, My purchases have been proved....

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.... to be bogus.Will sales related to such purchase will also be bogus and assessee will be able to claim lower tax benefit.Please refer case law or section supporting answer. Thanks & Regards Prashant....

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.... Reply By Ganeshan Kalyani: The Reply: If bogus purchase is made then the set off is reduced by that amount resulting in payment of tax. Some case stated that though bogus purchase is made purchaser ....

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....will be allowed to take the credit.<br> Discussion Forum - Knowledge Sharing ....