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![Taxing of Bogus Purchase GP rate violates Income Tax Act,100% disallowance towards Bogus /Hawala Purchase is valid: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Taxing-Bogus-Purchase-GP-rate-Income-Tax-Act-Income-Tax-Tax-Bogus-Hawala-Purchase-ITAT-taxscan.jpg "Taxing of Bogus Purchase GP rate violates Income Tax Act,100% disallowance towards Bogus /Hawala Purchase is valid: ITAT [Read Order]")
Taxing of Bogus Purchase GP rate violates Income Tax Act,100% disallowance towards Bogus /Hawala Purchase is valid: ITAT [Read Order]
The Pune bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the Taxing of Bogus purchase GP rate violates Income Tax Act,100%...
![Profit Element of Hawala Purchase would be subjected to Tax, not the Entire Amount: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/07/Profit-Element-Hawala-Purchase-Tax-Amount-ITAT-taxscan.jpeg "Profit Element of Hawala Purchase would be subjected to Tax, not the Entire Amount: ITAT [Read Order]")