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#Bogus purchases

Every article filed under the “Bogus purchases” tag — analysis, news and updates.

503 articles
Income TaxSC Declines Interference as No Substantial Question of Law Arose on 6% Bogus Purchase Addition
Income Tax

SC Declines Interference as No Substantial Question of Law Arose on 6% Bogus Purchase Addition

CA Sandeep Kanoi3 months ago
Income TaxITAT Rejects Blanket Bogus Purchase Disallowance as Sales & Stock Records Were Accepted
Income Tax

ITAT Rejects Blanket Bogus Purchase Disallowance as Sales & Stock Records Were Accepted

CA Sandeep Kanoi3 months ago
Income TaxDelhi HC Allows Reassessment as DRI Information on Alleged Bogus Purchases Constituted Tangible Material
Income Tax

Delhi HC Allows Reassessment as DRI Information on Alleged Bogus Purchases Constituted Tangible Material

CA Sandeep Kanoi3 months ago
Income TaxITAT Delhi Deletes Bogus Purchase Addition as Sales Were Recorded
Income Tax

ITAT Delhi Deletes Bogus Purchase Addition as Sales Were Recorded

Adv (CA) Vijay Gupta3 months ago
Income TaxRetrospective VAT Registration Cancellation Does Not Automatically Make Purchases Bogus: ITAT Ahmedabad
Income Tax

Retrospective VAT Registration Cancellation Does Not Automatically Make Purchases Bogus: ITAT Ahmedabad

CA Sandeep Kanoi3 months ago
Income TaxGujarat HC Upholds 6% Addition on Bogus Purchases Due to Embedded Profit Element
Income Tax

Gujarat HC Upholds 6% Addition on Bogus Purchases Due to Embedded Profit Element

CA Sandeep Kanoi3 months ago
Income TaxITAT Patna Deletes Bogus Purchase Addition as One-to-One Sales Correlation Was Proven
Income Tax

ITAT Patna Deletes Bogus Purchase Addition as One-to-One Sales Correlation Was Proven

CA Sandeep Kanoi3 months ago
Income TaxITAT Rejects Bogus Purchase Allegation as AO Failed to Prove Discrepancies in Books
Income Tax

ITAT Rejects Bogus Purchase Allegation as AO Failed to Prove Discrepancies in Books

CA Sandeep Kanoi3 months ago
Income TaxITAT Deletes Bogus Purchase Addition as Supplier’s Non-Reply Alone Cannot Prove Transactions Fake
Income Tax

ITAT Deletes Bogus Purchase Addition as Supplier’s Non-Reply Alone Cannot Prove Transactions Fake

CA Sandeep Kanoi3 months ago
Income TaxEntire Bogus Purchase Cannot Be Added When Sales Are Not Disputed: ITAT Rajkot
Income Tax

Entire Bogus Purchase Cannot Be Added When Sales Are Not Disputed: ITAT Rajkot

CA Sandeep Kanoi3 months ago
Income TaxGST Cancellation Alone Cannot Make Purchases Bogus – ITAT Restricts Addition to 5% Profit Element
Income Tax

GST Cancellation Alone Cannot Make Purchases Bogus – ITAT Restricts Addition to 5% Profit Element

CA Vijayakumar Shetty3 months ago
Income TaxITAT Delhi Restricts Bogus Purchase Addition to Profit Element Only
Income Tax

ITAT Delhi Restricts Bogus Purchase Addition to Profit Element Only

CA Sandeep Kanoi3 months ago
Income TaxITAT Deletes Bogus Purchase Addition as No Evidence Linked Assessee to Alleged Accommodation Entries
Income Tax

ITAT Deletes Bogus Purchase Addition as No Evidence Linked Assessee to Alleged Accommodation Entries

CA Sandeep Kanoi3 months ago
Income TaxITAT Deletes Protective Addition as Partner Cannot Be Taxed for Firm’s Alleged Bogus Purchases
Income Tax

ITAT Deletes Protective Addition as Partner Cannot Be Taxed for Firm’s Alleged Bogus Purchases

CA Sandeep Kanoi3 months ago