![Bogus Purchase in Identical Name of Assessee, Assessee has Right to Cross-Examine: Orissa HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Bogus-Purchase-Identical-Name-of-Assessee-Assessee-Cross-Examine-Orissa-High-Court-Taxscan.jpg "Bogus Purchase in Identical Name of Assessee, Assessee has Right to Cross-Examine: Orissa HC [Read Order]")
Bogus Purchase in Identical Name of Assessee, Assessee has Right to Cross-Examine: Orissa HC [Read Order]
The High Court ( HC ) of Orissa on a bogus purchase case in the identical name of the assessee held that the assessee has the right to cross-examine...
![No Evidence to Prove Bogus Purchase, Addition on Account of Estimated Gross Profit not permissible: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Evidence-bogus-purchase-Estimated-Gross-Profit-Gross-Profit-ITAT-taxscan.jpg "No Evidence to Prove Bogus Purchase, Addition on Account of Estimated Gross Profit not permissible: ITAT [Read Order]")
![Taxing of Bogus Purchase GP rate violates Income Tax Act,100% disallowance towards Bogus /Hawala Purchase is valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Taxing-Bogus-Purchase-GP-rate-Income-Tax-Act-Income-Tax-Tax-Bogus-Hawala-Purchase-ITAT-taxscan.jpg "Taxing of Bogus Purchase GP rate violates Income Tax Act,100% disallowance towards Bogus /Hawala Purchase is valid: ITAT [Read Order]")
![No Evidence of Suppression of Gross Profit by obtaining Bogus Purchase: Delhi HC Deletes Income Tax Addition [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2022/10/Evidence-Bogus-Purchase-Gross-profit-Delhi-HC-taxscan.jpg "No Evidence of Suppression of Gross Profit by obtaining Bogus Purchase: Delhi HC Deletes Income Tax Addition [Read Judgment]")
ITAT upholds Disallowance of Bogus Purchase which has No Implication in Income Accounted for Work in Progress [Read Order]
The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) upheld the disallowance of bogus purchases which have no implication in income accounted for work in progress. The appeal and the Cross...
![ITAT upholds Disallowance of Bogus Purchase which has No Implication in Income Accounted for Work in Progress [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Bogus-Purchase-income-accounted-taxscan.jpeg "ITAT upholds Disallowance of Bogus Purchase which has No Implication in Income Accounted for Work in Progress [Read Order]")
Profit from Bogus Purchase through Alleged Hawala Dealers are subject to Income Tax: ITAT [Read Order]
The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the profit element from bogus purchases made through the hawala dealers are subject to income tax. The assessee, Dhanesh...
![Profit from Bogus Purchase through Alleged Hawala Dealers are subject to Income Tax: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Profit-Bogus-Purchase-Hawala-Dealers-Income-Tax-ITAT.jpg "Profit from Bogus Purchase through Alleged Hawala Dealers are subject to Income Tax: ITAT [Read Order]")
Allegation of Bogus Purchase on borrowed satisfaction from VAT Dept. without Proper Cross-Verification: ITAT deletes Addition [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has deleted the addition made on the allegation of bogus purchase on borrowed satisfaction from the Value added tax (VAT) department without...
![Allegation of Bogus Purchase on borrowed satisfaction from VAT Dept. without Proper Cross-Verification: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Bogus-Purchase-VAT-Dept-Cross-Verification-ITAT-taxscan.jpg "Allegation of Bogus Purchase on borrowed satisfaction from VAT Dept. without Proper Cross-Verification: ITAT deletes Addition [Read Order]")
Re-Assessment based on Lack of Reconciliation b/w ITR & GSTR: Delhi HC quashes Notice alleging Bogus Purchase from GST Non-Filers [Read Order]
In a significant ruling delivered on Monday, the Delhi High Court has quashed a re-assessment notice under section 148A/148A(d) of the Income Tax Act, 1961 issued on the basis of reconciliation...
![Re-Assessment based on Lack of Reconciliation b/w ITR & GSTR: Delhi HC quashes Notice alleging Bogus Purchase from GST Non-Filers [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Re-Assessment-ITR-GSTR-Delhi-HC-Bogus-Purchase-GST-taxscan.jpeg "Re-Assessment based on Lack of Reconciliation b/w ITR & GSTR: Delhi HC quashes Notice alleging Bogus Purchase from GST Non-Filers [Read Order]")
![No 100% disallowance for Bogus purchase when Sales are not doubted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/disallowance-bogus-purchase-sales-ITAT.jpg "No 100% disallowance for Bogus purchase when Sales are not doubted: ITAT [Read Order]")
Tax Holiday isn’t applicable on Bogus Purchase of Medical Equipments for treating poor and needy: Kerala HC [Read Judgment]
The High Court of Madras held that tax holiday can be granted to a person who declares a truthful return. It cannot and should not be granted to the person who claims that he purchased medical...
![Tax Holiday isn’t applicable on Bogus Purchase of Medical Equipments for treating poor and needy: Kerala HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2017/11/Medical-Equipments-Taxscan.jpg "Tax Holiday isn’t applicable on Bogus Purchase of Medical Equipments for treating poor and needy: Kerala HC [Read Judgment]")