#Bogus purchases
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503 articlesIncome Tax
Income Tax
Entire Bogus Purchases Can’t Be Disallowed When Sales Are Accepted: ITAT Mumbai
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Bogus Purchase Disallowance Restricted to 6% on Estimation by ITAT Delhi
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Bogus Purchase Addition Deleted Where Documentary Evidence Supports Transactions
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Only Profit Element Taxable Where Purchases Are From Suspected Hawala Parties
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Bogus Purchase Addition Fails Without Incriminating Material Under Section 153A
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Entire Purchase Can’t Be Added as Bogus When Sales Are Accepted: ITAT Mumbai
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Bogus Purchase Disallowance Deleted Due to Valid GST and Supporting Evidence
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Reassessment Fails Due to Wrong Use of Section 69 for Recorded Purchases with out book rejection
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Purchases cannot be fully disallowed merely on suspicion & supplier deficiencies: ITAT Pune
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Survey Statements Alone Can’t Justify Bogus Purchase Additions
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Rs. 4.55 Crore Addition Invalid as Bogus Purchases Were Recorded in Books: ITAT Delhi
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Section 69C Not Applicable to Recorded Purchases: ITAT Delhi Deletes 12.5% Estimation
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Revenue Appeal Dismissed by HC as Bogus Purchase Addition Became Pure Estimation Issue
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Income Tax
