2019 (9) TMI 1729

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..... Mehul Shah-Ld. AR ORDER Per Bench: - 1. These cross-appeals foe Assessment Year [AY] 2010-11 contest the order of Ld. Commissioner of Income-Tax (Appeals)-24 Mumbai, [in short referred to as 'CIT(A)'], Appeal No. CIT(A)-24/IT-581/704/ITO27(1)(4)/2017-18 dated 09/05/2018. The only issue involved in the cross-appeals is estimation of addition on account of alleged bogus purchases. 2.1 Facts .....

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..... ess of law, re-assessment proceedings were initiated against the assessee u/s 147 by issuance of notice u/s 148 on 19/03/2015. The statutory notices u/s 143(2) & 142(1) were issued in due course of assessment proceedings wherein the assessee was directed to substantiate the purchase transactions. 2.3 To confirm the purchases transactions, notices u/s 133(6) were issued to all parties, however the .....

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..... he estimated addition of 6% is in accordance with the decision of this Tribunal in the case of assessee's sister concern for AY 2011-12 ITA No.5383/Mum/2014 order dated 27/04/2016. Nothing on record would suggest any change in material facts. Therefore, finding no infirmity in the impugned order, we dismiss both the appeals. 5. Resultantly, both the appeals stand dismissed. Order pronounced in t .....

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