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![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]")
No Evidence of Suppression of Gross Profit by obtaining Bogus Purchase: Delhi HC Deletes Income Tax Addition [Read Judgment]
An addition on account of Gross profit under the Income Tax Act, 1961 is not permissible in the absence of the evidence of suppression of gross...
![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]](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]](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]](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]")
![100% Disallowance for Bogus Purchases can’t be made when Sales are not Doubted: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Bogus-Purchases-Taxscan.jpg "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]](https://www.taxscan.in/wp-content/uploads/2018/07/Disallowance-Taxscan.jpg "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...
![ITAT Allows Remuneration to Lady Directors though they are not involved in Pure Managerial or work of Company [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/11/Managerial-Remuneration-Taxscan.jpg "ITAT Allows Remuneration to Lady Directors though they are not involved in Pure Managerial or work of Company [Read Order]")
![Right of Cross-Examination is not Absolute: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/04/Service-Tax-Taxscan.jpg "Right of Cross-Examination is not Absolute: ITAT [Read Order]")