Purchase not Bogus for dealing with traders declared as hawala dealers by sales tax department

ITAT held that purchases cannot be treated as bogus merely on the basis of assessee’s dealing with parties who were found out to be hawala dealers by the sales tax department.

Detailed Discussion on the issue

The assessee was engaged in the business of manufacturing of Indian made foreign liquor primarily Officers Choice Whisky. During the year the assessee purchased various gift items such as OCW glasses,OCW Steel jar,OCW T-5hirts,OCW Key c

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