![Disallowance of ₹16.28 Lakh Bogus Purchase without Rejection of Books: ITAT Restricts Addition to ₹1.29 Lakh Applying GP Rate [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/500x300_2089034-disallowance-bogus-purchase-itat-restricts-addition-taxscan.webp "Disallowance of ₹16.28 Lakh Bogus Purchase without Rejection of Books: ITAT Restricts Addition to ₹1.29 Lakh Applying GP Rate [Read Order]")
Disallowance of ₹16.28 Lakh Bogus Purchase without Rejection of Books: ITAT Restricts Addition to ₹1.29 Lakh Applying GP Rate [Read Order]
The Ranchi Bench of Income Tax Appellate Tribunal ( ITAT ) partly allowed the appeal and restricted the addition of ₹16.28 lakh for alleged bogus...
![Income Tax Penalty Cannot Be Levied on Estimated Additions for Alleged Bogus Purchases: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/09/20/250x150_2089066-income-tax-pently-bogus-purchases-sales-taxscan.webp "Income Tax Penalty Cannot Be Levied on Estimated Additions for Alleged Bogus Purchases: Bombay HC [Read Order]")
![Only Profit Element Taxable as Sales and Manufacturing Activity is Not Disputed: ITAT upholds Restriction of Disallowance to 12.5% on Bogus Purchases [Read Order]](https://images.taxscan.in/h-upload/2025/08/16/250x150_2077434-bogus-purchases-itat-penalty-taxscan.webp "Only Profit Element Taxable as Sales and Manufacturing Activity is Not Disputed: ITAT upholds Restriction of Disallowance to 12.5% on Bogus Purchases [Read Order]")
![Bogus Accommodation Entries for Purchases: ITAT Restricts Unexplained Credit Addition to ₹12.50 Lakh Estimating Profit Element on Inflated Purchases [Read Order]](https://images.taxscan.in/h-upload/2025/07/23/250x150_2067954-itat-jaipur-bogus-purchases-taxscan.webp "Bogus Accommodation Entries for Purchases: ITAT Restricts Unexplained Credit Addition to ₹12.50 Lakh Estimating Profit Element on Inflated Purchases [Read Order]")
![Claim of LTCG Exemption from Penny Stock Transactions Found Bogus: ITAT Upholds Disallowance [Read Order]](https://images.taxscan.in/h-upload/2025/06/27/250x150_2055178-itat-long-term-capital-gains-ltcg-exemption-penny-stock-found-bougus-taxscan.webp "Claim of LTCG Exemption from Penny Stock Transactions Found Bogus: ITAT Upholds Disallowance [Read Order]")
![ITAT Deletes Penalty u/s 271(1)(c) on Estimated GP Addition for Alleged Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2025/02/Boqus-Purchases.jpg "ITAT Deletes Penalty u/s 271(1)(c) on Estimated GP Addition for Alleged Bogus Purchases [Read Order]")
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]
Mumbai bench of Income Tax Appellate Tribunal (ITAT), while deleting the penalty levied under Section 271(1)(c) of the Income Tax Act, 1961 the bench held that penalty notice was issued...
![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]](https://www.taxscan.in/wp-content/uploads/2024/01/itat-mumbai-ITAT-Penalty-Deletion-Inapplicable-Penalty-Notice-Incorrect-Penalty-Notice-Deletion-ITAT-Decisions-on-Tax-Penalties-Taxscan.jpg "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]")
![Sale without Purchase is Invalid, No Addition to Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/Sale-Without-Purchase-transaction-in-accounting-Bogus-Purchase-deletion-Bogus-Purchase-Income-Tax-taxscan.jpg "Sale without Purchase is Invalid, No Addition to Income Tax Act: ITAT [Read Order]")
Reopening of Assessment on Allegation of Bogus Purchase based on Statement: Supreme Court Dismisses SLP [Read Order]
In a recent case, the Supreme Court dismissed the Special Leave Petition (SLP) which arose out of the impugned final judgment and order passed by the High Court of Gujarat wherein the Challenge...
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]
The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) has upheld the partial relief as no additional evidence was taken while dealing with partial relief of disallowance under Section 40A(3) of...
![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]](https://www.taxscan.in/wp-content/uploads/2023/11/Partial-relief-of-Disallowance-Partial-relief-Disallowance-Bogus-Purchase-ITAT-upholds-Partial-relief-no-Additional-Evidence-is-taken-Additional-Evidence-TAXSCAN.jpg "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]")
Accommodation Entries provided in form of bogus Purchases from Dummy Companies: ITAT upholds Addition u/s 69C of Income Tax Act
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) upheld the addition under Section 69C of the Income Tax Act, 1961, and held that the accommodation entries provided in the form of bogus...
