Income Tax assessment order passed u/s 143(3) supports that party was not bogus, very much existed and carried out business…
If creditors are found to be bogus, entire purchases to be disallowed and not only balance outstanding - ITAT ABCAUS…
Rejection of books due to admission of assessee being bogus accommodation entry provider is quiet correct - ITAT In the…
Penalty u/s 271(1)(c) deleted as quantum addition was reduced significantly from 100% to 20% in respect of bogus purchases. In…
No arrest under GST Act on purchase of goods against fake invoice unless purchaser took benefit of fake or bogus…
Depreciation disallowed on VAT portion of capital goods suspected to be purchased from grey market ABACUS Case Law CitationABCAUS 3364…
No disallowance for bogus purchase when there is one to one reconciliation of purchase with sales - ITAT ABACUS Case…
Profit on Bogus purchase/ accommodation entries @ 5% upheld by the High Court. Only profit element embedded is to be…
Penalty for fake invoice. New Section 271AAD. Penalty for false entry, etc. in books of account With the launch of…
Addition for bogus purchase deleted as AO conducted enquiry u/s 133(6) from the different supplier having name similar to actual…