#Bogus purchases
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503 articlesGoods and Services Tax
Goods and Services Tax
Bogus GST Bill / ITC- HC grants anticipatory bail to accused
Goods and Services Tax
Goods and Services Tax
HC Grant Bail to person allegedly involved in issuing fake GST invoices
Income Tax
Income Tax
ITAT upheld addition of 12.5% of alleged bogus purchases
Income Tax
Income Tax
Addition for bogus purchase only to the extent of lower GP declared
Income Tax
Income Tax
Bogus Purchase- Addition should be on the basis of GP of assessee
Income Tax
Income Tax
Entire purchases cannot be disallowed as Bogus If AO accepted sales
Goods and Services Tax
Goods and Services Tax
Anti Evasion wing of CGST Delhi detects tax evasion of Rs. 38.05 crores
Income Tax
Income Tax
Bogus Purchases: Only GP can be added as undisclosed income
Income Tax
Income Tax
Bogus purchases- Entire Purchase amount cannot be disallowed
Income Tax
Income Tax
Addition only for difference of GP on Normal & Bogus Purchase
Income Tax
Income Tax
For some bogus purchases Entire purchases can’t be added to income
Income Tax
Income Tax
I-T Dept busts a major racket of bogus billing & hawala transactions
Income Tax
Income Tax
Disallowance cannot be made solely on third party information- Section 68/69
Goods and Services Tax
Goods and Services Tax
