No question of law arose if lower authorities held that assessee was involved in making bogus purchases

IT: Where assessee was trading in paper and paper products and lower authorities including Tribunal having found that assessee was involved in hawala transactions and substantial purchases made by it were bogus in nature, disallowed certain purchases and added same in income of assessee as unexplained expenditure under section 69C, extent of disallowance in present facts did not give rise to any substantial question of law

from www.taxmann.com Latest Case Laws http://bit.ly/2P0rswI