Addition for Bogus creditors converted into cessation of liability as goods were defective and vendors had not shown amount as…
Bogus purchases additions not based on average GP or NP declared by the assessee in preceding years or some reasonable…
Penalty u/s 271(1)(c) deleted as addition for bogus purchases was based on estimation and assesee’s conduct was not found contumacious…
No addition warranted for bogus purchases where GP rate was better than the average GP rate declared by assessee for…
Profit rate on bogus purchases reduced as assessee also paid VAT on purchases. ITAT directed AO to recompute income after…
Reopening for verification of purchases from hawala dealer-Supreme Court dismisses SLP of the Department challenging dismissal of appeal by High…
No concealment penalty based on circumstantial evidence of bogus purchases where the income was estimated on the basis of circumstances…
Bogus Purchase 100% disallowance-Dismissal of SLP by Supreme Court did not merge the dismissal of the SLP into the order…
Non-mentioning the precise section for making addition for bogus purchase made the impugned addition bad in law – ITAT deletes…
When sales accepted as genuine, entire purchases cannot be treated as bogus and added to the income but the profit…