#Section 69C
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751 articlesIncome Tax
Income Tax
Addition on matters not related to reasons recorded for reassessment based on fishing enquiry not valid
Income Tax
Income Tax
100% Addition for Bogus Purchase not sustainable if Sales were accepted by AO
Income Tax
Income Tax
No section 36(1)(iii) disallowance unless Direct Nexus between Borrowed Funds & Capital Withdrawals
Income Tax
Income Tax
ITAT Restricted Addition made by AO to 2% of Bogus Purchases
Income Tax
Income Tax
Entire Purchase cannot be disallowed by Considering it as Bogus
Income Tax
Income Tax
ITAT upheld disallowance to 12.5% of non-genuine purchases
Income Tax
Income Tax
Cash found short cannot be treated as income of assessee
Income Tax
Income Tax
100% of Bogus Purchase cannot be disallowed as Sales are linked with Purchases
Income Tax
Income Tax
Bogus Purchases: ITAT reduces addition to 2% of bogus purchases
Income Tax
Income Tax
Bogus Purchase: Addition on peal credit basis for Low Margin & Low Vat Rate Items unjustified
Income Tax
Income Tax
Section 69C- No addition on mere Sales Tax Department information
Income Tax
Income Tax
For some bogus transactions Entire purchase can’t be disallowed
Income Tax
Income Tax
Section 68, 69, 69A, 69B and 69C of Income Tax Act, 1961
Income Tax
Income Tax
