bogus purchases – smeaccountant

Supreme Court Upholds 6% Bogus Purchase Disallowance, Declining Further Review

Supreme Court Dismisses Tax Appeal on Bogus Purchase AdditionsThe Supreme Court of India recently dismissed a petition challenging a High Court ruling that restricted tax disallowances on alleged bogus purchases…

Prasenjit Bhowmik June 2, 2026

Blog

Tax Tribunal Upholds Sales-Purchase Link, Deletes Bogus Purchase Addition

Discover how the Tax Tribunal ruled that accepted sales validate linked purchases, preventing 'bogus' additions and stressing documentary evidence.

Prasenjit Bhowmik May 27, 2026

Blog

ITAT Overturns Bogus Purchase Disallowance Due to Lack of Evidence

ITAT overturned a purchase disallowance, emphasizing that tax officers need concrete evidence, not just assumptions, to prove bogus transactions.

Prasenjit Bhowmik May 23, 2026