Income Tax Case Digest: Addition on Bogus Purchases under Income Tax Act
The word bogus refers to fake, false, sham, or not genuine. Bogus purchases under the Income Tax Act, 1961 refer to transactions where taxpayers...
![Section 147 and 153C of Income Tax can be Applied Interchangeably: ITAT upholds Reassessment u/s 147 in Bogus Purchase Matter [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Section-147-153C-of-Income-Tax-Applied-Interchangeably-ITAT-Reassessment-Bogus-Purchase-Matter-taxscan.jpg "Section 147 and 153C of Income Tax can be Applied Interchangeably: ITAT upholds Reassessment u/s 147 in Bogus Purchase Matter [Read Order]")
![Unverified Sellers: ITAT upholds 20% Addition on Alleged Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/ITAT-ITAT-Jaipur-Income-Tax-Appellate-Tribunal-Income-Tax-bogus-purchases-Unverified-sellers-taxscan.jpg "Unverified Sellers: ITAT upholds 20% Addition on Alleged Bogus Purchases [Read Order]")
![Inability to Produce parties of Bogus Purchases and Requesting AO for Additions to Returned Income: ITAT restricted Addition from 12.5% to 6% [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Inability-Produce-parties-of-Bogus-Purchases-Requesting-Returned-Income-ITAT-restricted-TAXSCAN.jpg "Inability to Produce parties of Bogus Purchases and Requesting AO for Additions to Returned Income: ITAT restricted Addition from 12.5% to 6% [Read Order]")
![Works by Government Agencies would not Complete if Entire Purchases were held as Non-genuine: Bombay HC upholds ITAT’s order on Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/Works-by-Government-Agencies-Complete-if-Entire-Purchases-Non-genuine-Bombay-HC-ITATs-order-on-Bogus-Purchases-TAXSCAN.jpg "Works by Government Agencies would not Complete if Entire Purchases were held as Non-genuine: Bombay HC upholds ITAT’s order on Bogus Purchases [Read Order]")
Absence of Materials in Support of Presumption, cannot be accepted: ITAT sets aside Income Tax Addition on Bogus Purchases [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench consisting of B.R. Baskaran, Accountant Member and Pavan Kumar Gadale, Judicial Member set aside addition on bogus purchases on the absence of...
![Absence of Materials in Support of Presumption, cannot be accepted: ITAT sets aside Income Tax Addition on Bogus Purchases [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/10/ITAT-Income-Tax-Addition-Bogus-Purchases-taxscan.jpg "Absence of Materials in Support of Presumption, cannot be accepted: ITAT sets aside Income Tax Addition on Bogus Purchases [Read Order]")
Findings on Bogus Purchases not rebutted by Material Records are not sustainable: ITAT upholds Addition made u/s 69 [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has held that findings on bogus purchases not rebutted by material records are not sustainable and upholds the addition made u/s 69 of the...
![Findings on Bogus Purchases not rebutted by Material Records are not sustainable: ITAT upholds Addition made u/s 69 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/bogus-purchases-material-records-ITAT-taxscan.jpg "Findings on Bogus Purchases not rebutted by Material Records are not sustainable: ITAT upholds Addition made u/s 69 [Read Order]")
ITAT invalidates Reopening of Income Tax Assessment as reasons, information referred was extremely Scanty, Sudden jump to conclusions [Read Order]
The Delhi Bench of Income Tax Appellate Tribunal (ITAT) has invalidated Reopening of Income Tax Assessment as reasons, information referred was extremely scanty, sudden jump to conclusions. The...
![ITAT invalidates Reopening of Income Tax Assessment as reasons, information referred was extremely Scanty, Sudden jump to conclusions [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/02/ITAT-Reopening-Income-Tax-Assessment-reasons-information-scanty-sudden-jump-conclusions-Taxscan.jpg "ITAT invalidates Reopening of Income Tax Assessment as reasons, information referred was extremely Scanty, Sudden jump to conclusions [Read Order]")
Telescoping Benefit allowable on Addition on Bogus Purchases, not on Cash generated out of such Purchase in Group Concerns: ITAT [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) has held that the telescoping benefit allowable on addition on the bogus purchases not on cash generated out of such bogus purchases by...
![Telescoping Benefit allowable on Addition on Bogus Purchases, not on Cash generated out of such Purchase in Group Concerns: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Bogus-Purchases-Taxscan.jpg "Telescoping Benefit allowable on Addition on Bogus Purchases, not on Cash generated out of such Purchase in Group Concerns: ITAT [Read Order]")
ITAT confirms Addition for Bogus Purchases based on Incomplete Purchase Bill & Illogical Mode of Transport Used [Read Order]
The Delhi bench of the Income Tax Appellate Tribunal (ITAT) recently upheld an addition made by the Revenue for bogus purchases based on incomplete purchase bill & illogical mode of transport...