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Bogus Purchase Addition Restricted to 15% – Entire Disallowance Held Unsustainable

SEO Expert April 25, 2026

The issue was whether entire purchases can be disallowed as bogus under Section 69C. The tribunal held that when sales are accepted, only the profit element (15%) can be taxed, not the full purchase value.

The post Bogus Purchase Addition Restricted to 15% – Entire Disallowance Held Unsustainable appeared first on TaxGuru.

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