ITAT Mumbai held that the addition in respect of bogus purchases is to be limited to the extent of bringing the gross profit rate on such purchases at the same rate as of other genuine purchases.

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More than $100,000 was recovered by police after a Boynton Beach business owner was tricked into wiring $170,000 to email ...

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Account reconciliation made simple: what it is, how it works, and the types you need to know to close your books confidently.