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#Bogus purchases

Every article filed under the “Bogus purchases” tag — analysis, news and updates.

503 articles
Income TaxUnproved Purchases Require Full Disallowance Under Section 69C: Bombay HC
Income Tax

Unproved Purchases Require Full Disallowance Under Section 69C: Bombay HC

CA Sandeep Kanoi8 months ago
Income TaxITAT Deletes Additions for Alleged Bogus Purchases & Unproved Unsecured Loans
Income Tax

ITAT Deletes Additions for Alleged Bogus Purchases & Unproved Unsecured Loans

CA Vijayakumar Shetty9 months ago
Income TaxAddition Deleted as Purchases Cannot Be Treated Bogus Without Rejecting Books
Income Tax

Addition Deleted as Purchases Cannot Be Treated Bogus Without Rejecting Books

CA Sandeep Kanoi9 months ago
Income TaxITAT Allows Full Addition After Purchases Held Bogus: 8% Estimation Rejected
Income Tax

ITAT Allows Full Addition After Purchases Held Bogus: 8% Estimation Rejected

CA Sandeep Kanoi9 months ago
Income TaxITAT Chennai Limits Bogus Purchase Addition to 10% Profit, Upheld 153C Satisfaction
Income Tax

ITAT Chennai Limits Bogus Purchase Addition to 10% Profit, Upheld 153C Satisfaction

CA Vijayakumar Shetty9 months ago
Income Tax100% Bogus Purchase Addition Restored by SC as Partial Disallowance Found Contrary to Section 69C
Income Tax

100% Bogus Purchase Addition Restored by SC as Partial Disallowance Found Contrary to Section 69C

CA Sandeep Kanoi9 months ago
Income TaxBogus Purchases: Only 6% Profit Element Taxable: Delhi ITAT
Income Tax

Bogus Purchases: Only 6% Profit Element Taxable: Delhi ITAT

CA Vijayakumar Shetty9 months ago
Income TaxBogus Purchases from Five Hawala Suppliers: ITAT Delhi Restricts Profit Estimation to 8%
Income Tax

Bogus Purchases from Five Hawala Suppliers: ITAT Delhi Restricts Profit Estimation to 8%

CA Vijayakumar Shetty9 months ago
Income Tax100% Addition Upheld for Bogus Purchases After Failure to Prove Genuineness
Income Tax

100% Addition Upheld for Bogus Purchases After Failure to Prove Genuineness

CA Sandeep Kanoi9 months ago
Income TaxUncrossed Third-Party Statement Not Enough to Establish Bogus Purchases
Income Tax

Uncrossed Third-Party Statement Not Enough to Establish Bogus Purchases

CA Sandeep Kanoi9 months ago
Income TaxITAT Limits Bogus Purchase Disallowance to 6%; Section 153C Jurisdiction Unresolved
Income Tax

ITAT Limits Bogus Purchase Disallowance to 6%; Section 153C Jurisdiction Unresolved

CA Vijayakumar Shetty9 months ago
Income TaxSection 151A Breach: ITAT Quashes Reopening, ₹58.68 Cr Bogus Purchase Addition Deleted
Income Tax

Section 151A Breach: ITAT Quashes Reopening, ₹58.68 Cr Bogus Purchase Addition Deleted

CA Vijayakumar Shetty9 months ago
Income TaxITAT Delhi Cuts Bogus Purchase Addition to 15% & Upholds 153C Jurisdiction  
Income Tax

ITAT Delhi Cuts Bogus Purchase Addition to 15% & Upholds 153C Jurisdiction  

CA Vijayakumar Shetty9 months ago
Income TaxSection 69A Addition Deleted: Reliance on Third-Party Data Insufficient
Income Tax

Section 69A Addition Deleted: Reliance on Third-Party Data Insufficient

CA Vijayakumar Shetty9 months ago