Non Response to Notice u/s 133(6) of Income Tax Act doesn’t prove that entire Transaction is Bogus: ITAT [Read Order]

No Response to Notice under Section 133(6) of Income Tax Act, 1961, that doesn't prove that entire Transactions are Bogus, rules, ITAT
ITAT Mumbai - Non-response to Income Tax Notice - Bogus transactions and Income Tax - ITAT rulings on bogus transactions - Taxscan

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) observed that no response to notice under Section 133(6) of Income Tax Act, 1961 that doesn’t prove that entire transactions are bogus An Assessee Company operating in the trading business, which filed its income tax return on March 31, 2009, declaring a total…

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