#Bogus purchases
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533 articlesIncome Tax
Income Tax
Bogus LTCG from Penny stocks- ITAT Confirms Addition for failure to explain Jump in Price
Income Tax
Income Tax
Accommodation entries: AO cannot make addition without showing that explanation of Assessee is not satisfactory or incorrect
Income Tax
Income Tax
Violation of SEBI regulations by broker would not make assessee’s share transactions bogus
Income Tax
Income Tax
Bogus purchases: Assessee Failed to prove existence of parties, ITAT estimated net profit at 12.5%
Income Tax
Income Tax
Share transaction via stock exchange evidenced by broker’s note not Bogus unless revenue prove otherwise
Income Tax
Income Tax
Capital gain from penny stocks not bogus for violation of SEBI regulations by broker
Income Tax
Income Tax
Bogus Purchase- Addition by GP rate of 8% on bogus purchases justified
Income Tax
Income Tax
100% addition on bogus purchases cannot be done without doubting sales
Income Tax
Income Tax
AO can not make addition for Bogus Purchase U/s. 69C if all purchase / sales transactions are part of regular books
Income Tax
Income Tax
Addition for peak balance of bogus purchases not sustainable if AO not disputed genuineness of sales, Stock Register
Income Tax
Income Tax
Bogus share capital: If document shows genuineness of transaction it cannot be treated as bogus for non appearance of shareholder
Income Tax
Income Tax
Duly executed Transaction in shares cannot be treated as Bogus
Income Tax
Income Tax
Addition based on mere Sales Tax Dept observations not sustainable
Income Tax
Income Tax
