ITAT Rejects Dept’s Attempt to Apply Higher GP Rate in Alleged Hawala Purchase Case

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ITAT Rejects Dept’s Attempt to Apply Higher GP Rate in Alleged Hawala Purchase Case

Direct Tax

Published on

03/12/2025

By Mariya Paliwala

ITAT Rejects Dept’s Attempt to Apply Higher GP Rate in Alleged Hawala Purchase Case

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In a major relief to a Mumbai-based aluminium trader, the Income Tax Appellate Tribunal (ITAT) has dismissed the department’s appeal challenging the reduction of the gross profit (GP) rate on alleged bogus purchases. The Tribunal upheld the Commissioner of Income Tax (Appeals) [CIT(A)]’s decision applying a lower GP rate of 3.41% instead of the 5.54%used…

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Mariya Paliwala https://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.

ITAT Rejects Dept’s Attempt to Apply Higher GP Rate in Alleged Hawala Purchase Case

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