Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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No Bank Statements to Prove Transactions: Bombay HC orders Full Disallowance of Bogus Purchases u/s 69C
Appeal Against OrderIncome Tax
The Bombay HC ordered full disallowance of bogus purchases under Section 69C due to lack of bank statements to prove transactions. This decision highlights the importance of documentary evidence in tax assessments. It underscores the need for accurate records. This ruling reflects the court's emphasis on legal principles. It emphasizes the need for clear guidelines. The disallowance aims to prevent tax evasion.
