Case Law Details
Case Name : Chinar Gems Vs ITO (ITAT Mumbai)
Related Assessment Year : 2010-11
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Chinar Gems Vs ITO (ITAT Mumbai)
Bogus Purchase addition restricted to profit element -Kanak Impex Ruling distinguished : ITAT Mumbai
In a consolidated ruling for AYs 2010-11 & 2011-12, Mumbai ITAT dismissed cross-appeals by Chinar Gems & the Revenue over additions on alleged bogus diamond purchases from Daksh Diamonds, part of the Bhanwarlal Jain accommodation entry network.
AO, relying on Invest
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
