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No Addition Warranted on Alleged Bogus Purchases When GP Rate Exceeds Genuine Purchases: ITAT [Read Order]

Saagarika Gopinath

The Income Tax Appellate Tribunal Tribunal ( ITAT ), Mumbai held that no addition by way of disallowance of alleged bogus purchases is warranted when...

Income Tax Department Conducts Search and Seizure Operation in 40 premises of J&K based Business...

Notice issued u/s 143(2) to be served upon the assessee within six months: ITAT [Read Order]

Income Tax Department conducts searches in Kolkata

Income Tax Department conducts Searches in Assam

Income Tax Department conducts searches in Bhopal

The Income Tax Department carried out a search and seizure operation on 20.08.2020 at various locations in Bhopal. The key person of one of the groups covered used to run a bangles shop. Another...

Income Tax Department - search -Bhopal - Taxscan

Income Tax Department conducts Searches in Tamil Nadu net more than Rs 700 cr

The Income Tax Department conducted a search and seizure operation on 06.08.2019 in the case of one of the major producers of beer and IMFL in Tamil Nadu. The search action was launched in the early...