#Bogus purchases
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503 articlesIncome Tax
Income Tax
No Bogus capital gains if assessee furnishes documentary proof & proves identity of purchasers
Income Tax
Income Tax
12.5% Addition justified in absence of direct one to one relationship between purchases and sales
Income Tax
Income Tax
Capital Gain on Penny Stocks cannot be bogus if Paper work is in order
Income Tax
Income Tax
Bogus capital gains from penny stocks- Off-market transactions not illegal
Income Tax
Income Tax
Set off of LTCG on sale of Land against Loss on off-market sale of shares
Income Tax
Income Tax
ITAT Mumbai held Gain on Sale of Penny Shares as bogus
Income Tax
Income Tax
Sales accepted in supplier books cannot be bogus purchase of buyer
Income Tax
Income Tax
Bogus purchase: Addition should be of income component only
Income Tax
Income Tax
Share Profit cannot be treated bogus for fabulous return in Short Time
Income Tax
Income Tax
Consider Info related to Penny Stock in Scrutiny Assessment: CBDT
Income Tax
Income Tax
Bogus Purchases: Addition solely based on sales-tax dept. info not sustainable
Income Tax
Income Tax
Bogus Purchase- Mere Adjustment in Purchase without disturbing Sales not Justified
Excise Duty
Excise Duty
Availment of Cenvat Credit Based on Bogus Invoices of Car Dealers by Insurance Companies
Income Tax
Income Tax
