Case law guidance required....urgent!!!!

This query is : Resolved

shivani (Querist)
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23 March 2015 One of my client didn't made any sale during the concerned assessment year. But AO opines that this could not happen as client made purchases during the year..
You are requested to kindly refer me any income tax material that could verify the situation that no sales during the year is a normal circumstance in certain cases...
Thanks in advance..

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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23 March 2015 then u need to prove that purchases were either from loan or from past reserves or some other sources and not from sale...there isno case law on this aspect...

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