AO rightly disallowed purchases made by assessee as it failed to establish identities of parties

INCOME TAX : Where assessee claimed expenditure on account of purchases of certain materials, since assessee could not produce parties from whom it made such purchases and document relied upon by assessee viz., receipt for goods, weighment slips, inward slips were all self made, impugned expenditure was to be disallowedINCOME TAX : Where assessee claimed expenditure on account of purchases of certain materials, since assessee could not produce parties from whom it made such purchases and document relied upon by assessee viz., receipt for goods, weighment slips, inward slips were all self made, impugned expenditure was to be disallowedwww.taxmann.com Latest Case LawsRead More

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