#Bogus purchases
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503 articlesIncome Tax
Income Tax
ITAT Mumbai direct AO to compute addition at 3% of Bogus Purchase
Income Tax
Income Tax
ITAT deletes Bogus Purchase Additions as Purchase Legitimacy proved
Income Tax
Income Tax
Bogus Purchases: Bombay HC upholds addition of 12.5% of purchases
Income Tax
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ITAT follows principle of consistency; Restricts addition for Bogus Purchase to 3%
Income Tax
Income Tax
Only profit element embedded in bogus purchases should be added to income
Income Tax
Income Tax
ITAT confirms 12.5% gross profit margin on alleged bogus purchases
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Gross Profit Addition on Bogus Purchases should Align with Genuine Ones
Income Tax
Income Tax
ITAT Mumbai upholds addition of 12.5% of profit element confirmed by NFAC
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Disallow Only Profit Element on Bogus Purchases: ITAT Mumbai
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Income Tax
Illogical to Treat Sales as Bogus When Purchases & Stock are Deemed Genuine
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ITAT Mumbai restricts addition for Bogus purchases to 10% of disputed purchases
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Section 271(1)(c) Penalty not imposable on Estimated Bogus Purchase Addition
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ITAT Orders Re-Adjudication in Bogus Purchases Case: Kalu Singh Vs ITO
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Income Tax
