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Bogus Purchases
Unverified Sellers: ITAT upholds 20% Addition on Alleged Bogus Purchases [Read Order]
September 18, 2024
Inability to Produce parties of Bogus Purchases and Requesting AO for Additions to Returned Income: ITAT restricted Addition from 12.5% to 6% [Read Order]
October 16, 2023
Works by Government Agencies would not Complete if Entire Purchases were held as Non-genuine: Bombay HC upholds ITAT’s order on Bogus Purchases [Read Order]
May 13, 2023
Absence of Materials in Support of Presumption, cannot be accepted: ITAT sets aside Income Tax Addition on Bogus Purchases [Read Order]
October 19, 2022
Findings on Bogus Purchases not rebutted by Material Records are not sustainable: ITAT upholds Addition made u/s 69 [Read Order]
May 24, 2022
ITAT invalidates Reopening of Income Tax Assessment as reasons, information referred was extremely Scanty, Sudden jump to conclusions [Read Order]
February 23, 2022
Telescoping Benefit allowable on Addition on Bogus Purchases, not on Cash generated out of such Purchase in Group Concerns: ITAT [Read Order]
February 12, 2022
Income Tax Department conducts searches in Odisha
December 8, 2020
ITAT confirms Addition for Bogus Purchases based on Incomplete Purchase Bill & Illogical Mode of Transport Used [Read Order]
July 11, 2018
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