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Reassessment rightly made as AO had reasons to believe that taxpayer had made bogus purchases
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Corporate Tax
Reassessment rightly made as AO had reasons to believe that taxpayer had made bogus purchases
Posted on
on
August 1, 2016
Tenet Tax Daily July 20 2016
By
tenettax-team
Corporate Tax
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Exp. claimed after survey was disallowed as it was made to offset additional income offered in survey
AO made apparent mistake by treating taxpayer as assessee in default only on basis of admission of taxpayer: ITAT
