Repercussions if there is failure to substantiate the purchase of import license by the assessee


Last updated: 27 May 2021

Court :
ITAT Mumbai

Brief :
Aforesaid appeal by revenue for Assessment year [AY in short] 2011-12 contest the order of Ld. Commissioner of Income Tax (Appeals)-18, Mumbai [in short CIT(A) ] dated 26/08/2019 which has provided certain relief to the assessee on account of alleged bogus purchases.

Citation :
I.T.A. No.7141/Mum/2019

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