Pages

Thursday, September 11, 2014

The Entire Law On Taxation Of Purchases From Suspicious Dealers

Dear Subscriber,

The Entire Law On Taxation Of Purchases From Suspicious Dealers

The action of the Maharashtra VAT department of branding several dealers as "Hawala dealers" has led the Income-tax department to treat purchases worth several hundreds of crores as "bogus" and assess the same as undisclosed income u/s 68. The author, an eminent Senior Advocate, has carefully examined the legal provisions, put the entire issue in its proper perspective and offered practical suggestions on how assessees can safeguard their interests.

The article is a must-read for all taxpayers grappling with the problem.

A pdf copy of the article is also available for download.


Regards,

 

Editor,

 

itatonline.org

---------------------

Latest

Transfers / Postings Of Assistant/ Deputy Commissioners of Income-tax

__._,_.___

No comments:

Post a Comment