#Bogus purchases
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503 articlesIncome Tax
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Bogus Purchases Not Fully Disallowable, Only Profit Taxable: ITAT Ranchi
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ITAT Ahmedabad Quashes ₹116 Cr Bogus Sales Addition – Reopening Time-Barred
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No Addition for Bogus Purchases Without Cogent Evidence – Diamond Trader; Revenue Failed to Prove Nexus
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Borrowed Satisfaction Vitiates Reassessment – ITAT Quashes Reopening in Case of Alleged Bogus Purchases
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ITAT Mumbai capped Bogus Purchases Addition at 12.5% Gross Profit
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ITAT Kolkata Remands Bogus Purchase Addition for Fresh Verification
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100% Disallowance of Bogus Purchases Unjustified – Only Profit Element Taxable
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Without Bogus Purchases, No Bogus Sales – ITAT Deletes ₹4.67 Cr Addition
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Sundry Creditors Not Bogus When Purchases & Sales Accepted: ITAT Delhi Deletes Addition of ₹3.36 Cr
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Once Sales Accepted, No Scope for Bogus Purchase Addition
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When Sales Are Real, Purchases Can’t Be Fake; AO’s Logic Butchered
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Mere Non-Filing of Returns by Suppliers Doesn’t Make Purchases Bogus
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Bogus Purchase: AO Cannot Disallow Expenses Solely on Third-Party Info
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