IT: Where purchases were not bogus but were made from parties other than those mentioned in books of account, not entire purchase price but only profit element embedded in such purchases can be added to income of assessee

IT: Where purchases were not bogus but were made from parties other than those mentioned in books of account, not entire purchase price but only profit element embedded in such purchases can be added to income of assessee

[2013] 38 taxmann.com 385 (Gujarat)

HIGH COURT OF GUJARAT

Commissioner of Income-tax

v.

Simit P. Sheth*