#Bogus purchases
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532 articlesIncome Tax
Income Tax
Mere non production of cash purchase bills does not make Purchase bogus
Income Tax
Income Tax
Non Applicability of S. 44AD does not mean that profit will lower than 8% when turnover is more than Rs. 40.00 lacs
Goods and Services Tax
Goods and Services Tax
Effect of Purchases Made From Suspicious Dealers on Audit Report
Income Tax
Income Tax
Entire unaccounted sales cannot be undisclosed income of assessee if Purchase is duly accounted
Income Tax
Income Tax
Mere discrepancy in mentioning vehicles nos. on gate pass cannot make Purchases bogus
Income Tax
Income Tax
Bogus Purchase cannot be subject matter of best judgment assessment
Income Tax
Income Tax
Advance for Bogus Purchases cannot be written off as bad debt
Income Tax
Income Tax
HC upheld Application of GP on unaccounted sales to make additions
Income Tax
Income Tax
AO should include fictitious transactions in block Assessment instead of regular Assessment
Excise Duty
Excise Duty
Punjab State Excise and Taxation department unearthed bogus sale of 656 crore
Income Tax
Income Tax
Initial burden lies on assessee to prove genuineness of purchases
Income Tax
Income Tax
Sales amount by itself cannot represent income of assessee who has not disclosed sales
Income Tax
Income Tax
CIT vs M.K. Brothers (Gujarat High Court), (1987) 163 ITR 249
Income Tax
Income Tax
