Mere Non-Production of Original Bills will not make Purchases ‘Bogus’: ITAT [Read Order]

Non-Production of Original Bills - Bills - Bogus Purchases - ITAT - taxscan

The Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) has recently held that mere non –production of original bills would not make purchase Bogus. Assesee-Entire Industries filed original return of income on 09.09.2015 declaring total income of Rs. 4,33,650/-. The return of income was selected for limited scrutiny. Notice under Section 143(2) of the…

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