DCM Limited to file appeal against Income Tax assessment order on alleged bogus purchases ...Middle East

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New Delhi: The Income Tax Department has passed an assessment order dated March 30, that the erstwhile Textile Business Undertaking (referred to as Demerged Undertaking) of DCM Limited, which was demerged into DCM Nouvelle Limited under a scheme of arrangement, had made bogus purchases of Rs 25.89 crore from a supplier during the FY 2018-19. “In the assessment order, the said conclusion has been drawn by the Department primarily on account of non-receipt of information/reply from the said supplier in pursuance of notice issued by the Department to the said supplier u/s 133(6) of the Act and in the absence of any corroborative evidence from the said supplier,” DCM Limited said. “As per the n

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Last updated : 05 April 2024 clock 01:48 PM

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DCM Limited to file appeal against Income Tax assessment order on alleged bogus purchases ...Middle East

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