![When Genuineness of Purchases is Doubtful but Sales Are Genuine, Only Profit Element 15% Can Be Added to Income: Bombay HC [Read Order]](https://images.taxscan.in/h-upload/2025/10/16/500x300_2097082-bombay-high-court-when-genuineness-of-purchases-taxscan.webp "When Genuineness of Purchases is Doubtful but Sales Are Genuine, Only Profit Element 15% Can Be Added to Income: Bombay HC [Read Order]")
When Genuineness of Purchases is Doubtful but Sales Are Genuine, Only Profit Element 15% Can Be Added to Income: Bombay HC [Read Order]
In a recent judgment, the Bombay High Court held that when the genuineness of purchases is doubtful but sales are genuine, only the profit element...
![Secured Creditor’s Rights u/s 26E of SARFAESI Override State Sales Tax Claims: Bombay HC Clears Auction Sale in Canara Bank Case [Read Order]](https://images.taxscan.in/h-upload/2025/08/19/250x150_2078406-secured-creditors-rights-us-26e-sarfaesi-state-sales-tax-claims-bombay-hc-clears-auction-sale-canara-bank-case-.webp "Secured Creditor’s Rights u/s 26E of SARFAESI Override State Sales Tax Claims: Bombay HC Clears Auction Sale in Canara Bank Case [Read Order]")
![15-Year Delay in Rewarding Informant for Tip-Offs Leading to Sales Tax Recovery: Bombay HC Orders ₹19L Payout [Read Order]](https://images.taxscan.in/h-upload/2025/07/25/250x150_2068989-delay-in-rewarding-informant-delay-in-rewarding-informant-for-tip-offs-leading-taxscan.webp "15-Year Delay in Rewarding Informant for Tip-Offs Leading to Sales Tax Recovery: Bombay HC Orders ₹19L Payout [Read Order]")
Retired Employee Faces Inquiry Six Years After Retirement Over Alleged GST Irregularities: Allahabad HC orders Hearing on Merit [Read Order]
The Allahabad High Court has directed a lower court to hear the case of a retired employee who was subjected to a departmental inquiry six years after his retirement over irregularities in Goods and...
![Retired Employee Faces Inquiry Six Years After Retirement Over Alleged GST Irregularities: Allahabad HC orders Hearing on Merit [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/06/GST-GST-Irregularities-Allahabad-High-Court-Retired-Employee-Inquiry-post-retirement-inquiry-taxscan.jpg "Retired Employee Faces Inquiry Six Years After Retirement Over Alleged GST Irregularities: Allahabad HC orders Hearing on Merit [Read Order]")
ITAT deletes Penalty imposed u/s 271(1)(c) of Income Tax Act on Estimated Quantum Addition based upon information from Sales Tax Department [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench deleted the penalty imposed under Section 271(1)(c) of the Income Tax Act ,1961 on estimated quantum addition based upon information from the...
![ITAT deletes Penalty imposed u/s 271(1)(c) of Income Tax Act on Estimated Quantum Addition based upon information from Sales Tax Department [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/11/ITAT-deletes-Penalty-imposed-ITAT-deletes-Penalty-imposed-Income-Tax-Act-Estimated-Quantum-Addition-Quantum-Addition-Sales-Tax-Department-Sales-Tax-ITAT-News-Tax-News-Income-Tax-TAXSCAN.jpg "ITAT deletes Penalty imposed u/s 271(1)(c) of Income Tax Act on Estimated Quantum Addition based upon information from Sales Tax Department [Read Order]")
Determination of Income of assessee on certain Estimate not sufficient to constitute Concealed Income: ITAT deletes Penalty [Read Order]
The Income Tax Appellate Tribunal (ITAT) Mumbai bench held that determination of income of assessee on certain estimate was not sufficient to constitute concealed income. Hence, the bench deleted the...
![Determination of Income of assessee on certain Estimate not sufficient to constitute Concealed Income: ITAT deletes Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/09/Determination-Income-assessee-Estimate-sufficient-constitute-Concealed-Income-ITAT-Penalty-TAXSCAN.jpg "Determination of Income of assessee on certain Estimate not sufficient to constitute Concealed Income: ITAT deletes Penalty [Read Order]")
Charge of Sales Tax Dept to Recover Sales Tax Dues Would be Valid after Recognition of First Charge of Assessee as secured Creditor: Bombay HC [Read Order]
In a significant case, the Bombay High Court the charge of the sales tax department to recover sales tax dues would be valid after recognition of the first charge of the assessee as a secured...
![Charge of Sales Tax Dept to Recover Sales Tax Dues Would be Valid after Recognition of First Charge of Assessee as secured Creditor: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/Charge-Sales-Tax-Dept-Recover-Sales-Tax-Dues-Valid-Recognition-First-Charge-Assessee-Creditor-TAXSCANA.jpg "Charge of Sales Tax Dept to Recover Sales Tax Dues Would be Valid after Recognition of First Charge of Assessee as secured Creditor: Bombay HC [Read Order]")
ITAT Directs AO to Delete Addition made on Bogus Purchase without considering Relevant documents of Assessee: Bombay HC Directs Re-Consideration [Read Order]
The Bombay High Court directed the Income Tax Appellate Tribunal (ITAT) to re-consider the order for deleting the addition made by the assessing officer on bogus purchase on the ground of...
![ITAT Directs AO to Delete Addition made on Bogus Purchase without considering Relevant documents of Assessee: Bombay HC Directs Re-Consideration [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/07/ITAT-Directs-AO-to-Delete-Addition-made-on-Bogus-Purchase-without-considering-Relevant-documents-of-Assessee-Bombay-HC-Directs-Re-Consideration-TAXSCAN.jpg "ITAT Directs AO to Delete Addition made on Bogus Purchase without considering Relevant documents of Assessee: Bombay HC Directs Re-Consideration [Read Order]")