Bogus Purchases: Bombay HC Sustains ₹6 Crore Income Tax Addition using Peak of Purchases [Read Order]

Bombay HC uses Peak of Purchases to Sustain ₹6 Cr Income Tax Addition
By Avinash Kurungot - On April 10, 2025 8:48 pm - 3 mins read
Bogus Purchases - Bombay HC - Income Tax Addition - Peak of Purchases - taxscan

The Bombay High Court recently used the peak of purchases method to ascertain and uphold an income tax addition of ₹6.15 crore on a trader with regard to alleged bogus purchases done during the Assessment Years 2009-10 and 2010-11. The assessee, Drisha Impex Pvt. Ltd. (Drisha Impex) is engaged in trading in electronic items, toys,…

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