Assessee contests the legality of reassessment proceedings on account of alleged bogus purchases


Quick Summary
This case involves an appeal by M/s Radha Gopi Impex against reassessment proceedings for the 2009-10 assessment year. The Income Tax Appellate Tribunal in Mumbai reviewed the legality of the reassessment, which was initiated due to alleged bogus purchases of Rs. 200.09 Lacs from M/s Aadi Impex, following searches on the Rajendra Jain Group. The Tribunal considered the validity of the notice issued for reassessment and the merits of the additions made.

Court :
ITAT Mumbai

Brief :
Aforesaid appeal by assessee for Assessment year [AY in short] 2009-10 contest the order of Ld. Commissioner of Income Tax (Appeals)-44, Mumbai [in short CIT(A) ] dated 10/06/2019 which has confirmed certain additions on account of alleged bogus purchases. In the grounds of appeal, the assessee contest the legality of reassessment proceedings as well as quantum additions on merit. 

Citation :
I.T.A. No.5260/Mum/2019

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