Non-Cooperation Has Its Price: Bombay High Court’s upheld the disallowance of entire purchase amount as against GP Ratio in a Bogus Purchase Case Let us have a Short Overview of the case of Bogus purchase before Bombay High Court. In a landmark decision in Pr. CIT-5, Mumbai vs. Kanak Impex (India) Ltd. (2025), the Bombay…
The post Non-Cooperation Has Its Price: Bombay High Court’s upheld the disallowance of entire purchase amount as against GP Ratio in a Bogus Purchase Case appeared first on The Tax Talk.
