bogus purchase addition penalty

Recent Posts

• Section 74 Cannot Be Invoked by Merely Using the Words “Fraud” or “Suppression”
• Section 54GB Exemption on Start-up Investment: ITAT Allows ₹1.48 Crore Deduction
• A Nephew Is a Relative—But Is He a Lineal Descendant?
• Six Days Instead of Seven: Karnataka HC Sets Aside Faceless Assessment for Violating Natural Justice
• Seized Excel Sheet, Cash Loans and Section 69: ITAT Upholds Addition When Assessee Could Not Explain the Entries
• Section 54F Exemption Allowed for Multiple Residential Units: ITAT Hyderabad Gives Relief
• ITR-BN: The New Return Form for Block Assessments – What Every Taxpayer Should Know
• Section 264 Cannot Become a Backdoor for a Time-Barred Revised Return: Supreme Court
• Updated Return or FAST-DS: Which Route Works Better for Undisclosed Foreign Income or Assets?
• Can a Third-Party Seized Document Reopen Your Assessment? Gujarat HC Says There Must Be a “Live Nexus”