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

Last updated: 16 March 2021
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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1 Year PLAN
1999
(Excl. of GST ₹359)

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2 Years PLAN
3499
(Excl. of GST ₹629)

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