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![Addition for Unexplained Cash Credit justified in respect of Unexplained Creditors shown as Bogus: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/03/unexplained-cash-credit-unexplained-creditors-bogus-ITAT-Taxscan.jpg "Addition for Unexplained Cash Credit justified in respect of Unexplained Creditors shown as Bogus: ITAT [Read Order]")
Addition for Unexplained Cash Credit justified in respect of Unexplained Creditors shown as Bogus: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Allahabad Bench ruled that the addition for unexplained cash credit is justified in respect of unexplained...
![ITAT deletes addition of Long Term Capital Gains as Undisclosed Income by treating it as Bogus [Read Order]](https://www.taxscan.in/wp-content/uploads/2021/01/ITAT-long-term-capital-gains-undisclosed-income-bogus-Taxscan.jpg "ITAT deletes addition of Long Term Capital Gains as Undisclosed Income by treating it as Bogus [Read Order]")
![Unusual Price rise/ fall in Shares of Company can’t be a basis to draw an inference that Capital Loss generated is Bogus: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/12/Unusual-Price-rise-Shares-of-Company-Capital-Loss-Bogus-Income-Tax-ITAT-Taxscan.jpg "Unusual Price rise/ fall in Shares of Company can’t be a basis to draw an inference that Capital Loss generated is Bogus: ITAT [Read Order]")
![Transfer of Shares being a Family Arrangement can’t be treated as Gift or Perquisites: ITAT deletes Addition [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/05/Shares-ITAT-Family-Taxscan.jpg "Transfer of Shares being a Family Arrangement can’t be treated as Gift or Perquisites: ITAT deletes Addition [Read Order]")
![Entire Purchase can’t be Disallowed If some of them was found as Bogus: Bombay HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2020/02/Bogus-purchase-Bombay-High-Court-Taxscan.jpg "Entire Purchase can’t be Disallowed If some of them was found as Bogus: Bombay HC [Read Judgment]")
![Purchases can’t be treated as Bogus If Dept has not discarded Sales: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2018/07/Bogus-Purchases-Taxscan.jpg "Purchases can’t be treated as Bogus If Dept has not discarded Sales: ITAT [Read Order]")
Purchases cannot be treated as ‘Bogus’ merely on Ground of Information from Sales Tax Dept and Non-Production of Suppliers: ITAT Mumbai [Read Order]
In Geolife Organics v. ACIt, the Mumbai ITAT held that AO cannot reach to a conclusion that the purchases are “bogus” merely on ground of information from Sales Tax Department and non-production of...
![Purchases cannot be treated as ‘Bogus’ merely on Ground of Information from Sales Tax Dept and Non-Production of Suppliers: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Purchases cannot be treated as ‘Bogus’ merely on Ground of Information from Sales Tax Dept and Non-Production of Suppliers: ITAT Mumbai [Read Order]")