#Bogus purchases
Log in to FollowEvery article filed under the “Bogus purchases” tag — analysis, news and updates.
503 articlesIncome Tax
Income Tax
Bogus Purchase Addition Deleted – Mere Non-Response to 133(6) Notices Not Enough
Income Tax
Income Tax
Bogus Purchase, Loan Creditor Additions Deleted – CIT(A) Relief Upheld
Income Tax
Income Tax
Bogus Purchase Addition Restricted to 10% – CIT(A) Relief Upheld
Income Tax
Income Tax
ITAT Mumbai Allows 80IC Depreciation; Bogus Purchases Addition Restricted to 12%
Income Tax
Income Tax
Penalty u/s 271(1)(c) Not Leviable on Estimated Addition of Profit Element in Bogus Purchases: ITAT Mumbai
Income Tax
Income Tax
Reassessment for Bogus Purchases Quashed: Approval by Pr.CIT Invalid After 3 Years
Income Tax
Income Tax
Bogus Purchase Cases: Only Profit Element Taxable; 4% GP Addition Upheld
Income Tax
Income Tax
Untraceable Suppliers: Only 5% Profit Taxable on Purchases
Income Tax
Income Tax
Only Profit Element Taxable in Bogus Purchase Cases: ITAT Mumbai
Income Tax
Income Tax
ITAT Surat Upholds Reopening but Restricts Bogus Purchase Addition to 5% of Purchases
Income Tax
Income Tax
ITAT Surat Quashes Section 263 Revision on Bogus Purchase Issue as PCIT Lacks Jurisdiction During Pending CIT Appeal
Income Tax
Income Tax
Bogus Purchases: ITAT Mumbai Restricts Addition to 5% Where Sales Are Undisputed
Income Tax
Income Tax
Penalty on Estimated Bogus Purchases Unsustainable: ITAT Pune
Income Tax
Income Tax
