Complete Guide on Bogus Purchases 2nd Edition 2025

This book offers a comprehensive examination of bogus purchases under the Income Tax Act, focusing on assessment, reassessment, and litigation aspects. It explains how tax authorities identify accommodation entries and hawala transactions using data analytics, third-party information, and GST linkages. The book analyzes leading and recent judicial pronouncements on estimation of profit, percentage disallowance, and evidentiary requirements. Practical guidance is provided on drafting replies, producing documentary evidence, reconciling purchases with sales and stock records, and defending cases at appellate forums. Updated till 2025, the book serves as a practical litigation guide for tax professionals handling high-stakes income tax disputes.