INCOME TAX OFFICER-41(1)(5), MUMBAI, KAUTILYA BHAWAN BKC vs. SWAPNIL ENTERPRISES, MUMBAI
In the result, both the appeals are dismissed
ITA 5201/MUM/2024[2008-09]Status: DisposedITAT Mumbai28 Nov 2024AY 2008-09
Tribunal, referencing a similar High Court case, agreed that purchases cannot be rejected without disturbing sales for a trader.", "result": "Dismissed", "sections": ["Section 41(1)(5)"], "issues": "Whether the disallowance of entire bogus purchases is justified when sales are accepted, or only a proportionate profit addition is warranted
