{"id":59713,"date":"2026-04-28T09:06:24","date_gmt":"2026-04-28T03:36:24","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-mohit-pukhraj-kawdiya-no-1-2025-481-itr-310-181-taxmann-com-712-guj-hc-pcit-v-mohit-pukhraj-kawdiya-no-2-2025-481-itr-318-taxmann-com-712-gujhc\/"},"modified":"2026-04-28T09:06:24","modified_gmt":"2026-04-28T03:36:24","slug":"pcit-v-mohit-pukhraj-kawdiya-no-1-2025-481-itr-310-181-taxmann-com-712-guj-hc-pcit-v-mohit-pukhraj-kawdiya-no-2-2025-481-itr-318-taxmann-com-712-gujhc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-mohit-pukhraj-kawdiya-no-1-2025-481-itr-310-181-taxmann-com-712-guj-hc-pcit-v-mohit-pukhraj-kawdiya-no-2-2025-481-itr-318-taxmann-com-712-gujhc\/","title":{"rendered":"PCIT v. Mohit Pukhraj Kawdiya (No. 1) (2025) 481 ITR 310 \/ 181 taxmann.com 712 (Guj.) (HC) PCIT v. Mohit Pukhraj Kawdiya (No. 2).(2025) 481 ITR 318 \/ taxmann.com 712 (Guj)(HC)"},"content":{"rendered":"<p>On review of searches related to the Bhanwarlal Jain Group, the Revenue treated all purchase transactions as bogus, resulting in a 100% disallowance by the AO. However, the CIT(A) limited this disallowance to 6%, a decision upheld by the Tribunal. The Court dismissed Revenue&#8217;s appeals for assessment years 2011-12 and 2013-14, affirming that only the income component of bogus purchases should be taxed.(AY. 2011-12) (AY. 2013-14)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 69C : Unexplained expenditure-Bogus purchases-Accommodation entries from Bhanwarlal Jain Group-Addition restricted to 6 per cent of bogus purchases is fair and reasonable. [S. 147, 148, 260A]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-59713","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-fx7","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59713","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=59713"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59713\/revisions"}],"predecessor-version":[{"id":59714,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/59713\/revisions\/59714"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=59713"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=59713"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=59713"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}