#Bogus purchases
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503 articlesIncome Tax
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Bogus Purchase Addition Remanded as Fresh Evidence Warrants Verification: ITAT Surat
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ITAT Rightly Restricted Bogus Purchase Addition to 10% as Sales Accepted: Bombay HC
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Bogus Purchases – Only 0.2% Profit Addition Sustainable, Consistency Prevails: ITAT Mumbai
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Bogus Purchase Addition Deleted as AO Failed to Provide Evidence or Verify Transactions
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Bogus Purchase Addition Restricted to 15% – Entire Disallowance Held Unsustainable
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ITAT Bangalore: Bogus Purchase Addition Cannot Be Made Without Independent Inquiry-Entire Disallowance Deleted
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ITAT Deletes Additions as Bogus Purchases Cannot Be Based on Suspicion Without Evidence
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Bogus Purchases: Only Profit Element Taxable – ITAT Upholds 12.5% Estimation
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Bogus Purchase Addition Limited to Profit Element Due to Accepted Sales: ITAT Mumbai
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Bogus Purchase Addition Restricted to Profit Element: ITAT Grants Relief
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No Penalty on Estimated Bogus Purchases: ITAT Deletes U/s 271(1)(c) Levy
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Bogus Purchases addition Based on Investigation Reports Fails Where Evidence Exists: ITAT Delhi
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ITAT Mumbai: No Penalty U/s 271(1)(c) on Estimated Bogus Purchase Additions
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