Taxpayer's Income Adjusted for Bogus Purchases; 10% GP Rate Applied on Hawala Transactions Plus Reported GP Rate.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Bogus purchases - Addition made on account of purchases from the hawala parties - addition is to be restricted by applying GP rate of 10% on the said purchases over and above the GP rate shown by the assessee. - AT....