When sales are accepted and books unrejected, purchases cannot be disbelieved under Section 69C
When sales are accepted and books unrejected, purchases cannot be disbelieved under Section 69C Issue Whether purchases can be treated as non-genuine/sham and added as unexplained expenditure under Section 69C read with Section 115BBE when the corresponding sales have been accepted by the Revenue and the books of account have not been rejected under Section… Read More »