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#Bogus purchases

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

503 articles
Income TaxOnly Profit on Bogus Purchases Taxable – Full Disallowance Unjustified: ITAT Mumbai
Income Tax

Only Profit on Bogus Purchases Taxable – Full Disallowance Unjustified: ITAT Mumbai

CA Vijayakumar Shetty9 months ago
Income TaxBogus Purchase: ITAT Quashes 271(1)(c) Penalty as Specific Limb not Mentioned
Income Tax

Bogus Purchase: ITAT Quashes 271(1)(c) Penalty as Specific Limb not Mentioned

CA Vijayakumar Shetty9 months ago
Income TaxBogus Purchases Allegation Unexamined- ITAT Orders De Novo Adjudication
Income Tax

Bogus Purchases Allegation Unexamined- ITAT Orders De Novo Adjudication

CA Vijayakumar Shetty9 months ago
Income TaxITAT Mumbai Restricts Bogus Diamond Purchase Addition to 3%, Upholds Consistency Principle
Income Tax

ITAT Mumbai Restricts Bogus Diamond Purchase Addition to 3%, Upholds Consistency Principle

CA Sandeep Kanoi9 months ago
Income TaxITAT Mumbai Upholds 3% Profit Addition on Bogus Purchases; Full Disallowance Rejected
Income Tax

ITAT Mumbai Upholds 3% Profit Addition on Bogus Purchases; Full Disallowance Rejected

CA Vijayakumar Shetty10 months ago
Income TaxBogus Purchases Tax Limit: ITAT Restricts Addition to 3% Profit Element When Sales Are Accepted
Income Tax

Bogus Purchases Tax Limit: ITAT Restricts Addition to 3% Profit Element When Sales Are Accepted

CA Vijayakumar Shetty10 months ago
Income TaxBogus Purchase Additions Restricted to Profit Margin: Bombay HC Ruling
Income Tax

Bogus Purchase Additions Restricted to Profit Margin: Bombay HC Ruling

CA Sandeep Kanoi10 months ago
Income TaxEntire Purchase Can’t Be Disallowed as Bogus When Sales Are Accepted: ITAT Chennai
Income Tax

Entire Purchase Can’t Be Disallowed as Bogus When Sales Are Accepted: ITAT Chennai

CA Vijayakumar Shetty10 months ago
Income TaxAddition on Alleged Inflated Purchases Based Solely on Third-party Data Deleted
Income Tax

Addition on Alleged Inflated Purchases Based Solely on Third-party Data Deleted

CA Vijayakumar Shetty10 months ago
Income TaxBogus Sales Profit Addition Remanded: CIT(A) Failed to Pass Speaking Order
Income Tax

Bogus Sales Profit Addition Remanded: CIT(A) Failed to Pass Speaking Order

CA Vijayakumar Shetty10 months ago
Income TaxGujarat HC Upholds 25% Disallowance for Bogus Purchases
Income Tax

Gujarat HC Upholds 25% Disallowance for Bogus Purchases

CA Sandeep Kanoi10 months ago
Income TaxITAT Mumbai Reduces 100% Bogus Purchase Addition to Nominal GP Difference
Income Tax

ITAT Mumbai Reduces 100% Bogus Purchase Addition to Nominal GP Difference

CA Sandeep Kanoi10 months ago
Income Tax₹6.88 Crore Additions Invalid as Reassessment Void Without 143(2) Notice: ITAT Delhi
Income Tax

₹6.88 Crore Additions Invalid as Reassessment Void Without 143(2) Notice: ITAT Delhi

CA Vijayakumar Shetty10 months ago
Income TaxBombay HC Upholds 15% Profit Addition on Bogus Purchases – Rejects Full Addition
Income Tax

Bombay HC Upholds 15% Profit Addition on Bogus Purchases – Rejects Full Addition

CA Vijayakumar Shetty10 months ago