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No reassessment on mere allegation of bogus entries as AO failed to identify culprits for such entries
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Corporate Tax
No reassessment on mere allegation of bogus entries as AO failed to identify culprits for such entries
Posted on
on
December 5, 2013
Tenet Tax Daily December 5 2013
By
tenettax-team
Corporate Tax
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Only profits embedded in purchases made from grey market are taxable in hands of assessee
Dealings between assessee and NR on principal-to-principal basis rule out existence of ‘service PE’
