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![Admission of Bogus purchases to Inflate work in progress during Search necessarily invites Imposition of Penalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/10/Penalty-TaxScan.jpg "Admission of Bogus purchases to Inflate work in progress during Search necessarily invites Imposition of Penalty: ITAT [Read Order]")
Admission of Bogus purchases to Inflate work in progress during Search necessarily invites Imposition of Penalty: ITAT [Read Order]
While hearing the case of Centaur Mercantile P. Ltd, the Mumbai bench of the Income Tax Appellate Tribunal (ITAT) recently held that the admission of...