Login
Login
HomeDirect TaxEstimated Bogus Purchase Additions Can’t Attract Penalty: ITAT

Estimated Bogus Purchase Additions Can’t Attract Penalty: ITAT

Direct TaxTop Stories

Published on

By Mariya Paliwala
ITAT

🚀 Stay Connected With JurisHour

WhatsApp X Telegram

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) has held that the penalty under Section 271(1)(c) of the Income Tax Act, 1961 cannot be sustained where additions are made purely on an estimated basis.  The bench of Sandeep Singh Karhail (Judicial Member) and Bijayananda Pruseth (Accountant Member) has observed that the entire addition…

Membership Required

You must be a member to access this content.

View Membership Levels

Already a member? Log in here
Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

Latest articles

GST

GST Fraud : Chhattisgarh High Court Grants Bail Despite Rs. 11.44 Crore Fake ITC Allegations, Cites Documentary Evidence & No Need for Custodial Interrogation

The Chhattisgarh High Court has granted regular bail to Santosh Wadhwani, who was arrested...
Columns

GST on Silver: Rates, HSN Codes, Calculation & Impact Explained

Before the implementation of the Goods and Services Tax (GST), the taxation system on...
Columns

Understanding Income Tax Notices: Password, Types, and Key FAQs

After successfully filing your Income Tax Return (ITR), the Income Tax Department begins processing...
Direct Tax

ITAT Restricts Arbitrary 2% Income Estimation, Applies 0.40% GP Rate; Penalty Deleted

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has curtailed arbitrary estimation...

More like this

GST

GST Fraud : Chhattisgarh High Court Grants Bail Despite Rs. 11.44 Crore Fake ITC Allegations, Cites Documentary Evidence & No Need for Custodial Interrogation

The Chhattisgarh High Court has granted regular bail to Santosh Wadhwani, who was arrested...
Columns

GST on Silver: Rates, HSN Codes, Calculation & Impact Explained

Before the implementation of the Goods and Services Tax (GST), the taxation system on...
Columns

Understanding Income Tax Notices: Password, Types, and Key FAQs

After successfully filing your Income Tax Return (ITR), the Income Tax Department begins processing...

About us

About Jurishour – Juris Hour is an online news portal for reporting accurate and honest news, articles, judgments, Circulars, orders and notifications related to legal developments.

Company

Categories

© 2025 Juris Hour. All Rights Reserved.