#Bogus purchases
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503 articlesIncome Tax
Income Tax
HC quashed Reopening for Bogus Purchase when no evidence furnished to Appellant
Income Tax
Income Tax
Hawala Purchase: Only profit element can be taxed not entire Purchase
Income Tax
Income Tax
Only profit element on Bogus purchases can be added to Income: HC
Income Tax
Income Tax
When sales are not in doubt, then 100% disallowance for bogus purchases cannot be made
Income Tax
Income Tax
Bogus Purchase: AO cannot reject reply without recording satisfaction
Income Tax
Income Tax
No section 68 addition for Cost of purchase of penny stock shares
Income Tax
Income Tax
ITAT sustain addition for Bogus Purchases not rebutted by assessee
Goods and Services Tax
Goods and Services Tax
TNGST Act, 2017- Identification and prevention of bill traders
Income Tax
Income Tax
No addition for bogus purchases – Depreciation cannot be disallowed on such purchase
Income Tax
Income Tax
100% disallowance for bogus purchase cannot be done if Sales not doubted
Income Tax
Income Tax
Entire purchases cannot be held as bogus – ITAT upheld addition of 17%
Income Tax
Income Tax
Section 41(1) addition merely based upon conjectures & surmises was not sustainable
Goods and Services Tax
Goods and Services Tax
Non-filer assessment orders under GST in cases of non-existent/genuine taxpayers
Income Tax
Income Tax
