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Bogus Purchase

No 100% disallowance for Bogus purchase when Sales are not doubted: ITAT [Read Order]

Taxscan Team

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that no 100% disallowance for bogus purchase when sales are not doubted. The assessee,...

Income Tax Department - searches in Delhi - Taxscan

Income Tax Department conducts searches in Delhi

Tax Holiday isn’t applicable on Bogus Purchase of Medical Equipments for treating poor and needy:...

100% Disallowance for Bogus Purchases can’t be made when Sales are not Doubted: ITAT [Read Order]

100% Disallowance for Bogus Purchase can’t be made when Sales are not Doubted: ITAT [Read Order]

ITAT Allows Remuneration to Lady Directors though they are not involved in Pure Managerial or work of Company [Read Order]

The Income Tax Appellate Tribunal (ITAT) Kolkata on June 6 allowed remuneration given to lady directors even though they are not involved in pure managerial or supervising work of Company. The...

Right of Cross-Examination is not Absolute: ITAT [Read Order]

The Mumbai Bench of the Income Tax Appellate Tribunal ( ITAT ) in Soman Sun Citi vs. JT.CIT held that the right of cross-examination is not absolute when the assessee had failed to discharge its...

Bogus Purchase cannot be Alleged on the basis of Mere Non-Appearance of the Supplier: ITAT Jaipur [Read Order]

A division bench of the Jaipur ITAT in Beauty Tax v. DCIT, held that the allegation of bogus purchase cannot be confirmed on the basis of mere non-appearance of the supplier in absence of any other...