ITAT has upheld the order of CIT(A) "estimating profit @12.5% on the disputed (bogus) purchases".
Court :
ITAT Mumbai
Brief :
This is an appeal filed by the revenue. The relevant assessment year is2011-12. The appeal is directed against the order of the Commissioner of Income Tax (Appeals)-55, Mumbai [in short ‘CIT(A)’] and arises out ofassessment u/s. 143(3) r.w.s. 147 of the Income Tax Act. 1961(the Act).Though the case was fixed for hearing on 21/09/2020, neither the assesseenor his Authorized Representative (AR) appeared before the Tribunal on theabove date.
Citation :
ITA No. 1561/MUM/2019
You have reached your daily limit of 2 Free Judgements
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Broadcasts
- Daily E-Newsletter
- Unlimited Judgements Access
Already a PRO member? Login here for an ad-free experience.
Guest
Published in Income Tax
Views : 97
downloaded 240 times
Comments
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
