ITO-20(1)(3), Mumbai Mr. Bherchand Tikam Chand Jain, Mumbai


Quick Summary
The Income Tax Appellate Tribunal (ITAT) Mumbai Bench heard an appeal filed by the Revenue concerning Mr. Bherchand Tikamchand Jain for the assessment year 2009-10. The appeal challenged the Commissioner of Income Tax (Appeals) decision to restrict an addition related to alleged bogus purchases from 'hawala' parties to 5%. Despite the assessee not appearing, the Tribunal proceeded to examine the available records.

Court :
ITAT Mumbai

Brief :
This is an appeal filed by the Revenue. The relevant assessment year is 2009-10. The appeal is directed against the order of the Commissioner of Income Tax (Appeals)-32, Mumbai [in short ‘CIT(A)’] and arises out of theassessment completed u/s 143(3) r.w.s. 147 of the Income Tax Act 1961, (the ‘Act’).

Citation :
ITA 5182/MUM/2019

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