Case Law Details
Case Name : Capacite Infra Projects Ltd Vs DCIT (ITAT Mumbai)
Related Assessment Year : 2018-19
Courts :
All ITAT ITAT Mumbai
Become a Premium member to Download.
If you are already a Premium member, Login here to access.
Sponsored
Capacite Infra Projects Ltd Vs DCIT (ITAT Mumbai)
Introduction: The recent ruling by the Mumbai Income Tax Appellate Tribunal (ITAT) in the case of Capacite Infra Projects Ltd Vs DCIT has significant implications for tax assessments concerning non-genuine/Bogus purchases. Let’s delve into the details of the case and its outcome.
Detailed Analysis:
1. Disallowed Purchases: The Assessing Officer disallowed pu
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Sponsored
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
Author Bio
with due respect ITAT Bombay Order is somewhat different. when it is found that Purchase of X rupees
is totally bogus then entire such amount of such bogus purchase should have been disallowed as
it is not a real expense at all so the question of application of Net Profit ratio does not arise.