Substantial Question of Law

HC Upholds Deletion of Rs. 5.04 Cr Bogus Purchase Addition Lacking Evidence The assessee filed return for AY 2012–13 declaring income of Rs. 9.90 lakh, which was initially assessed under Section 143(3). Subsequently, based on information from the Investigation Wing alleging transactions with M/s Keshav Impex (an alleged accommodation entry provider), the assessment was reopened…