This is premium content. Please become a Premium member. If you are already a member, login here to access the full content.
Bogus Purchase Addition Restricted to 5% as Sales Accepted & Banking Trail Proven: ITAT Mumbai
Case Law Details
- TaxGuru Citation
- 2026 taxguru.in 2548
- Case Name
- Karamtara Engineering Limited Vs DCIT (ITAT Mumbai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2009-10
- Courts
- All ITAT, ITAT Mumbai
Upgrade to Basic or Premium to download.
Already Upgraded? Log in.
Advertisement
Karamtara Engineering Limited Vs DCIT (ITAT Mumbai)
Bogus Purchase Addition Restricted to 5% – Sales Accepted & Banking Trail Proven – Full Disallowance Not Sustainable – ITAT Mumbai
AO treated purchases as bogus based on Sales Tax Dept information, non-service of notices u/s 133(6) and non-compliance of summons, and made 100% addition. CIT(A) restricted addition to 5% in some AYs while dispute continued for other years. Assessee demonstrated ledger accounts, invoices, delivery challans, goods inward notes and banking payments; sales were accepted and books were not ...
Author Info
