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Income Tax | ITAT Mumbai Deletes Bogus Purchase Addition Where Declared GP Exceeds Normal GP

12 Oct 2026 · 1d agoBy CA Sandeep KanoiSource: TaxGuru

ITAT Mumbai rules that no further bogus purchase addition is warranted where disclosed GP exceeds genuine transaction GP, subject to verification. The post ITAT Mumbai Deletes Bogus Purchase Addition Where Declared GP Exceeds Normal GP 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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