*******Supreme Court upholds 100% Income Tax Addition on Bogus Purchases u/s 69C, Dismisses SLP [Read Order]

Clipped from: https://www.taxscan.in/top-stories/supreme-court-upholds-income-tax-addition-on-bogus-purchases-u-s-c-dismisses-slp-1438272?TRN300=svkWzPcuSAuMkeAfFGxMSBgwasjdwuMBEaffwXnHWjHMVUfCyMCKZiDnbMsacH&LKD333=3210092 The High Court held that the assessee failed to prove the genuineness and source of expenditure. The Supreme Court has upheld the Bombay

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