Kundali Jewels (India) Pvt. Ltd. Vs ITO 12 (3)(1) (ITAT Mumbai)
Case ke facts
Kundali Jewels par bogus share capital aur purchases ka issue tha. Department ne puri share capital ko fake maana aur bogus purchases ko bhi disallow kiya tha.
Mudda (Issue)
Kya poora share capital aur purchases bogus maane jaa sakte hain?
Faisla (Held)
ITAT ne share capital ki addition hata di aur bogus purchases sirf 5% tak hi maani. TDS aur expense issues wapas bhej diye.
Practical takeaway
Agar department poori bogus purchase ya share capital bana de, to aap partial relief expect kar sakte ho, jaise yahan hua.
Original report: TaxGuru
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Yeh summary public report par aadhaarit general jaankari hai, legal advice nahi. Poora faisla padhne ke liye original source dekhiye. Published on cgaindia.com: 2026-09-11.