#Section 69C
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751 articlesIncome Tax
Income Tax
Bogus purchases- Entire Purchase amount cannot be disallowed
Income Tax
Income Tax
Addition only for difference of GP on Normal & Bogus Purchase
Income Tax
Income Tax
Purchases corresponding to excess stock found during Survey not allowable as deduction
Income Tax
Income Tax
For some bogus purchases Entire purchases can’t be added to income
Income Tax
Income Tax
Addition of bogus share capital u/s 68 and bogus purchases u/s 69 cannot be made in absence of incriminating material with AO
Income Tax
Income Tax
Section 10AA Deduction allowable on enhanced profits after considering section 69C disallowance
Income Tax
Income Tax
Section 69C Addition for bogus purchases – ITAT Allows 10% disallowance
Income Tax
Income Tax
Addition u/s 69C on basis of statement of third party without providing opportunity of cross-examination to assessee was invalid
Income Tax
Income Tax
ITAT upheld addition of 100% of Bogus Purchases
Income Tax
Income Tax
Addition for Bogus expenditure U/s. 69C justified on failure to prove rendition of services
Income Tax
Income Tax
S. 69C Bogus Purchases: Right of cross-examination is not absolute
Income Tax
Income Tax
Section 40A(3) overrides section 145(3) read with section 144
Income Tax
Income Tax
Section 68: Provisions related to Cash Credits /Undisclosed Income
Income Tax
Income Tax
