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Gross Profit
Allegation Bogus Purchase: ITAT confirms Gross profit at 12 .5% as Sales are not Disputed [Read Order]
May 20, 2024
Gross Profit Rate of 5% against 0.69% Made on Addition of Bogus Purchase is too High: Bombay HC Remands Matter to ITAT [Read Order]
July 20, 2023
PCIT wrongly invokes Revisionary Powers u/s 263 of IT Act on order issued by AO with Sufficient Enquiry: ITAT revives Assessment Order [Read Order]
June 8, 2023
No Evidence to Prove Bogus Purchase, Addition on Account of Estimated Gross Profit not permissible: ITAT [Read Order]
January 6, 2023
No Evidence of Suppression of Gross Profit by obtaining Bogus Purchase: Delhi HC Deletes Income Tax Addition [Read Judgment]
October 31, 2022
No Estimation of Gross Profit without Rejection of Books of Account u/s 145(3): ITAT [Read Order]
June 16, 2022
Revision Order can’t be passed If Submissions of Assessee were duly verified by AO during Assessment: ITAT [Read Order]
May 28, 2022
ITAT directs matter to AO to examine afresh Rate of Gross Profit declared on Unaccounted Turnover [Read Order]
March 30, 2021
Addition on Bogus Purchase should be made only to the extent of Lower GP declared: ITAT [Read Order]
March 9, 2020
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