M/S Rolex Steel & Engg Co, Mumbai ITO 19 (3)(1), Mumbai

Last updated: 16 March 2021
Quick Summary
The Income Tax Appellate Tribunal (ITAT) Mumbai has dismissed an appeal filed by M/s Rolex Steel & Engg Co for the assessment year 2011-12. The appeal concerned reassessment proceedings initiated under sections 143(3) and 147 of the Income Tax Act. Neither the assessee nor their representative appeared for multiple hearings, leading to the dismissal due to non-compliance. The grounds of appeal included challenges to the reassessment order and the addition of Rs. 5,86,587 for alleged non-genuine purchases.

Court :
ITAT Mumbai

Brief :
This is an appeal filed by the assessee. The relevant assessment year is2011-12. The appeal is directed against the order of the Commissioner of Income Tax (Appeals)-7, Mumbai [in short ‘CIT(A)’] and arises out of the assessment completed u/s 143(3) r.w.s. 147 of the Income Tax Act 1961, (the ‘Act’).

Citation :
ITA 4538/MUM/2019

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