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Bogus Purchase

Allegation of Bogus Purchase on borrowed satisfaction from VAT Dept. without Proper Cross-Verification: ITAT deletes Addition [Read Order]

Taxscan Team

The Income Tax Appellate Tribunal (ITAT), Mumbai Bench has deleted the addition made on the allegation of bogus purchase on borrowed satisfaction...

Re-Assessment based on Lack of Reconciliation b/w ITR & GSTR: Delhi HC quashes Notice alleging Bogus...

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

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]

The Income Tax Appellate Tribunal (ITAT), Mumbai has held that the department cannot make 100% disallowance for bogus purchases in cases where the sales are not doubted. The assessee, a Partnership...

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

The Mumbai bench of the Income Tax Appellate Tribunal ( ITAT ) held that 100 percent disallowance cannot be made in respect of bogus purchase when the sales made by the assessee are not doubted. The...

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...