Case laws - bogus purchases

[GYAN JAIN]

Case laws on bogus purchases in favour of assessee Case law: 16 DTR 278 CIT V/s SINUJA FOODS P LTD (2008 (10) TMI 61 - HIGH COURT RAJASTHAN)

AI Summary

Discussion Highlights Case Laws on Bogus Purchases; Focus on Facts Over Laws in Assessments A discussion on a forum addresses case laws related to bogus purchases, particularly focusing on the case of CIT vs. Sinuja Foods P Ltd. One participant advises concentrating on case facts during assessments rather than relying solely on case laws, as this could strengthen the assessing officer's observations. Another participant notes that the case is at the appeal stage and requires specific case law citation. A third participant differentiates between bogus and suspected purchases, suggesting that providing comprehensive evidence can dispel suspicions. It is emphasized that genuine purchases should not be deemed bogus if adequately substantiated.