Case Law Details
Brief Facts of the Case and Question
Brief Facts: Assessee, an individual,proprietor of M/s. Hydro Pure System,is engaged in the business of installation,erection and servicing of water purifying systems.He is deriving income from business and other sources. He filed his return of income on 28.9.10,declaring total income of Rs.18.40 lacs .The AO completed the assessment u/s.143(3) of the Act on 1/3/ 2013,determining the income of the assessee at Rs.1,56,05,880/
Question Raised:
On Account of Bogus Purchases if supplier is treated as hawala dealer by Vat Authorities Does this form as valid ground for invoking provisions of section 69C
Contention of the Assessee:
Please become a Premium member. If you are already a Premium member, login here to access the full content.