#Section 69C
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839 articlesIncome Tax
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Defect in notice u/s 274 do not vitiates penalty proceedings; Addition for Bogus purchases U/s. 69C?
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Income Tax
Sec. 153C: Documents found during Search must belong to Assessee
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Income Tax
Entire Bogus Purchases cannot be added as undisclosed income
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Purchases cannot be treated as bogus based on mere statement of vendors
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Mere failure to produce dealers would not make Entire Purchases ‘Bogus’
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Income Tax
12.5% Addition justified in absence of direct one to one relationship between purchases and sales
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Income Tax
Addition u/s 69 not sustainable in absence of any proof of investment by assesse: HC
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Income Tax
Addition cannot be made for mere non-submission of Purchase Bill
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Income Tax
Disallowance u/s 69C not sustainable where all purchases recorded in books of account accepted by AO
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Income Tax
Bogus Purchase- Mere Adjustment in Purchase without disturbing Sales not Justified
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Income Tax
No addition for expense shown in projected P&L A/c without showing corroborative evidences
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Income Tax
Profits may be recognized on sale even if Assessee follows project completion method if all risk and reward been passed on
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Income Tax
