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Income Tax | 12.5% Bogus Purchase Addition Deleted as Disputed GP Was Higher: ITAT Mumbai

29 Sept 2026 · 29 Sept 2026By CA Sandeep KanoiSource: TaxGuru

ITAT Mumbai deleted 12.5% bogus purchase addition as 3.22% GP on disputed purchases exceeded 0.87% GP on genuine purchases. The post 12.5% Bogus Purchase Addition Deleted as Disputed GP Was Higher: ITAT Mumbai appeared first on TaxGuru .

Attribution

Original credit: CA Sandeep Kanoi. This digest is published with acknowledgment to TaxGuru. For the complete analysis, headnotes, and citations, please refer to the source.

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