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Bogus Purchase
Penalty Notice issued without deleting or striking off inapplicable part: ITAT Deletes Penalty levied u/s 271(1)(c) of Income Tax Act [Read Order]
January 30, 2024
Sale without Purchase is Invalid, No Addition to Income Tax Act: ITAT [Read Order]
January 20, 2024
Reopening of Assessment on Allegation of Bogus Purchase based on Statement: Supreme Court Dismisses SLP [Read Order]
December 4, 2023
Partial relief of Disallowance u/s 40 40A(3) on Bogus Purchase without seeking Remand Report: ITAT upholds Partial relief as no Additional Evidence is taken [Read Order]
November 7, 2023
Accommodation Entries provided in form of bogus Purchases from Dummy Companies: ITAT upholds Addition u/s 69C of Income Tax Act
October 16, 2023
Bogus Purchase, Claim of Expense Denied without Corroborative Evidence: Delhi HC quashes Reassessment Order [Read Order]
September 30, 2023
Only Profit Element of Bogus Purchase can be Added to Taxable Income Under Income Tax Act when Assessee Reconciled the Stock: Bombay HC [Read Order]
July 20, 2023
ITAT Directs AO to Delete Addition made on Bogus Purchase without considering Relevant documents of Assessee: Bombay HC Directs Re-Consideration [Read Order]
July 19, 2023
Profit from Bogus Purchases can be added to Taxable Income: ITAT [Read Order]
July 15, 2023
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