![Bogus Transaction Addition: ITAT Says Duty Lies on Revenue to Ascertain Whether Bogus Deals Are Genuine Tax Planning or Evasion [Read Order]](https://images.taxscan.in/h-upload/2025/06/28/500x300_2055664-tax-planning-or-evasion-transaction-addition-bogus-deals-taxscan.webp "Bogus Transaction Addition: ITAT Says Duty Lies on Revenue to Ascertain Whether Bogus Deals Are Genuine Tax Planning or Evasion [Read Order]")
Bogus Transaction Addition: ITAT Says Duty Lies on Revenue to Ascertain Whether Bogus Deals Are Genuine Tax Planning or Evasion [Read Order]
The Raipur Bench of Income Tax Appellate Tribunal ( ITAT ) dealt with additions made on account of alleged bogus transactions, observing that it is...
![Mere Mentioning of Sale of Entry as Purchase Does Not Invalidate Income Tax Notice Flagging Bogus Transactions: Gauhati HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/12/Gauhati-HC-Gauhati-High-Court-Income-Tax-Notice-Bogus-Transactions-Income-Tax-Mere-Mentioning-of-Sale-of-Entry-taxscan.jpg "Mere Mentioning of Sale of Entry as Purchase Does Not Invalidate Income Tax Notice Flagging Bogus Transactions: Gauhati HC [Read Order]")
![AO shall not disallow business loss incurred in share transactions without verifying documents: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/01/AO-disallow-business-loss-share-transactions-documents-ITAT-TAXSCAN.jpg "AO shall not disallow business loss incurred in share transactions without verifying documents: ITAT [Read Order]")
![Allegation of Bogus Transaction in absence of Corroborative Evidence is invalid: Delhi HC Sets aside Notice issued u/s 148 of Income Tax Act [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/Allegation-Bogus-Transaction-Allegation-of-Bogus-Transaction-taxscan.jpg "Allegation of Bogus Transaction in absence of Corroborative Evidence is invalid: Delhi HC Sets aside Notice issued u/s 148 of Income Tax Act [Read Order]")
ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]
The Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) deletes Addition under Section 68 of Income Tax Act, 1961 due to Insufficient Evidence of Bogus Transaction. The issue of the case is CIT...
![ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/05/ITAT-Income-Tax-Act-Insufficient-Evidence-of-Bogus-Transaction-Insufficient-Evidence-Bogus-Transaction-Evidence-taxscan.jpg "ITAT dismisses Addition u/s 68 of Income Tax Act Due to Insufficient Evidence of Bogus Transaction [Read Order]")
Transactions are Not “Bogus” when Shares Traded on Stock Exchange after paying STT and Money Received through Banking Channels: Delhi HC [Read Order]
The Delhi High Court has recently set aside a notice issued to the assessee, M/s Rajat Finvest, in lieu of alleged unaccounted income in its books in the guise of bogus Long Term Capital Gains and...
![Transactions are Not “Bogus” when Shares Traded on Stock Exchange after paying STT and Money Received through Banking Channels: Delhi HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/01/Transactions-Bogus-Transaction-Shares-Shares-Traded-Shares-Traded-on-Stock-Exchange-STT-Money-Received-Banking-Channels-Delhi-Highcourt-taxscan.jpg "Transactions are Not “Bogus” when Shares Traded on Stock Exchange after paying STT and Money Received through Banking Channels: Delhi HC [Read Order]")
AO failed to enquire about bogus Transactions of Earning LTCG from Penny Stock Companies: ITAT upholds Revisional Order [Read Order]
The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) upheld the revisional order when the Assessing Officer (AO) failed to enquire about bogus Transactions of earning long-term capital...
![AO failed to enquire about bogus Transactions of Earning LTCG from Penny Stock Companies: ITAT upholds Revisional Order [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/bogus-Transactions-LTCG-Penny-Stock-Companies-Penny-Stock-ITAT-Revisional-Order-enquire-taxscan.jpg "AO failed to enquire about bogus Transactions of Earning LTCG from Penny Stock Companies: ITAT upholds Revisional Order [Read Order]")
![Set Off of Business Loss by Showing Bogus Transactions: ITAT upholds Income Tax Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/06/Business-Loss-Bogus-Transactions-ITAT-Income-Tax-Penalty-taxscan.jpeg "Set Off of Business Loss by Showing Bogus Transactions: ITAT upholds Income Tax Penalty [Read Order]")
Entire Purchase can’t be treated as Bogus when payment has been made through Banking Channels: ITAT
The Hyderabad bench of the Income Tax Appellate Tribunal (ITAT) has held that the entire purchases cannot be treated as bogus when it is evident that the payments were made through accounted money or...
