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Income Tax | ITAT Mumbai Restricts Bogus Purchase Profit Addition to 5% Instead of 12.5%

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

ITAT Mumbai restricts addition to 5% of ₹6.09 crore alleged bogus purchases, distinguishing Bombay HC ruling in Kanak Impex. The post ITAT Mumbai Restricts Bogus Purchase Profit Addition to 5% Instead of 12.5% 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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