Case law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2015
Is there any penalty u/s 271(1)(c) for bugus purchase and Is there any case law related to penalty u/s 271(1)(c) for bogus purchase.
10 May 2015
penalty should be applicable in such cases as bogus purchases would amount to misrepresentation of facts and falsification of books.
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