ITAT Restricts Bogus Purchase Addition to Profit Element, Deletes Loan Addition:

ITAT Restricts Bogus Purchase Addition to Profit Element, Deletes Loan Addition

Ahmedabad ITAT held entire purchases cannot be disallowed when sales are accepted and deleted unsecured loan addition.

Accepted Aales Negate Full Bogus Purchase Addition; Genuine Loan Evidence Defeats Section 68 Addition

authorMeetu KumaridateJul 19, 2026
Last update on Jul 18, 2026
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ITAT Restricts Bogus Purchase Addition to Profit Element, Deletes Loan Addition

Ahmedabad ITAT held entire purchases cannot be disallowed when sales are accepted and deleted unsecured loan addition.

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