#Bogus purchases
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532 articlesIncome Tax
Income Tax
Reassessment Quashed: ₹50L Threshold Not Met; GP Addition Held Double Taxation; Bogus Purchase Case Won: ITAT Ahmedabad
Income Tax
Income Tax
Bogus Purchase Addition Deleted – Mere Non-Response to 133(6) Notices Not Enough
Income Tax
Income Tax
Bogus Purchase, Loan Creditor Additions Deleted – CIT(A) Relief Upheld
Income Tax
Income Tax
Bogus Purchase Addition Restricted to 10% – CIT(A) Relief Upheld
Income Tax
Income Tax
ITAT Mumbai Allows 80IC Depreciation; Bogus Purchases Addition Restricted to 12%
Income Tax
Income Tax
Penalty u/s 271(1)(c) Not Leviable on Estimated Addition of Profit Element in Bogus Purchases: ITAT Mumbai
Income Tax
Income Tax
Reassessment for Bogus Purchases Quashed: Approval by Pr.CIT Invalid After 3 Years
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Income Tax
Bogus Purchase Cases: Only Profit Element Taxable; 4% GP Addition Upheld
Income Tax
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Untraceable Suppliers: Only 5% Profit Taxable on Purchases
Income Tax
Income Tax
Only Profit Element Taxable in Bogus Purchase Cases: ITAT Mumbai
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ITAT Surat Upholds Reopening but Restricts Bogus Purchase Addition to 5% of Purchases
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Income Tax
ITAT Surat Quashes Section 263 Revision on Bogus Purchase Issue as PCIT Lacks Jurisdiction During Pending CIT Appeal
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Income Tax
Bogus Purchases: ITAT Mumbai Restricts Addition to 5% Where Sales Are Undisputed
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Income Tax
