Bogus purchases - the assessee has done some undisclosed ...

Income Tax

September 19, 2019

Bogus purchases - the assessee has done some undisclosed purchases, or undisclosed sales, which it is attempting to cover up by the transactions with the said bogus entries. The actual picture is known only to the assessee - Additions confirmed - AT

View Source

← Previous Next →

Bogus purchases - the assessee has done some undisclosed ...

Income Tax

September 19, 2019

You may also like:

Bogus purchases - oil cakes shown as purchases by the assessee from 33 parties were not genuine transactions -Tribunal was justified in disallowing 25% of the purchase price - HC

Bogus purchases - In a case where sales are considered genuine, no addition, on account of bogus purchases, can be made - AT

Addition made on account of bogus purchases - there cannot be a direct nexus between purchases and sales - in favour of assessee. - AT

Bogus purchases - Since the corresponding sales have been accepted and the assessee had shown reasonable gross profit on sale, therefore, confirming the addition to the...

Addition u/s 68 as accommodation entries - long term capital gain on sale of shares as sham/bogus transaction - Mere suspicion cannot be a ground for treating the...

Additions towards Bogus purchases - Estimation of profit - Purchases are to be removed, the corresponding sale is also required to be removed from the profit and loss...

Bogus purchases - The assessee has only produced certain self-serving evidences in a straight-jacket formula normally collected in this type of transaction - Additions confirmed.

Undisclosed income - Bogus share transactions - Levy of tax u/s.115BBE - A.O had in clear and unequivocal terms observed that the sale consideration, was infact the...

Bogus transaction relating to purchase of computer software from DSTPL - the allegation of the Assessing Officer that VAT has not been paid on the said transaction is...

Undisclosed income - Sale consideration of flats sold by assessee – on-money transactions - AO was justified in adding the same in assessee’s income - AT

Quick Updates: