9911796707
TMI Blog2017 (10) TMI 1309X X X X Extracts X X X X X X X X Extracts X X X X ..... out of order passed by the Tribunal dated 11/01/2017 in ITA No.1045/Mum/2016. 2. It was contended by learned AR that Hon'ble ITAT appears to have proceeded on the misconception that the assessee did not produce the vendors before the AO and that they have not confirmed the transactions entered into with the assessee. This is evident from paragraph 7 of the Order it has been held as un ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is recorded at Page 4 of the CIT(Appeals) of his order dated 23rd April 2014 -para D.I which states as under: The Assessing Officer was asked to submit remand report. In the remand proceedings the assessee produced all the aforesaid three parties from whom the assessee claimed to have made purchases. These parties confirmed having made sales to the assessee. 4. Accordingly, it was argued that or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 23/04/2014. In view of this finding of CIT(A), the observation made by the Tribunal and confirming the addition of 12.5% of bogus purchase amounts to mistake apparent from record. Accordingly, we recall the order passed by the Tribunal dated 11/07/2017 and Registry is directed to fix the same for hearing afresh by regular bench. We direct accordingly. 7. In the result, MA filed by the assessee i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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