Reassessment on basis of info. received from investigation wing that assessee booked bogus exp. is valid: HC

INCOME TAX : Where Assessing Officer after receiving information from Investigation Wing that assessee had booked bogus expenses in names of certain entities, verified return of assessee and observed that expenses were inflated by assessee by booking bogus expenses without receiving any actual goods/services, reopening of assessment was justifiedINCOME TAX : Where Assessing Officer after receiving information from Investigation Wing that assessee had booked bogus expenses in names of certain entities, verified return of assessee and observed that expenses were inflated by assessee by booking bogus expenses without receiving any actual goods/services, reopening of assessment was justifiedwww.taxmann.com Latest Case LawsRead More

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