ASST. COMMISSOINER OF INCOME TAX, MUMBAI vs. JANGID PROPERTIES, MUMBAI
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IN THE INCOME TAX APPELLATE TRIBUNAL“F” BENCH, MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBERAND SHRI MANOJ KUMAR AGGARWAL, ACCOUNTANT MEMBER (Physical Hearing) ACIT, Mumbai Jangid Properties, R. No. 849, 8th Floor, vs 3rd Floor, Saraswati Darshan, Kautilya Bhavan, Opp. New Era Cinema, S.V. Road, BKC, Bandra, Malad (W), Mumbai – 400064. Mumbai – 400051. [PAN: AAEFJ3779Q] Appellant / Revenue Respondent /Assessee Assessee by Shri Subodh Ratan Parikh, CA Revenue by Shri Sajit V Nair, Sr. DR Date of institution 30.01.2026 Date of hearing 16.06.2026 Date of pronouncement 02.09.2026 Order under section 254(1) of Income Tax Act
PER PAWAN SINGH, JUDICIAL MEMBER:
This appeal by the Revenue is directed against the order of ld. CIT(A)/ NFAC dated 27.11.2025 for Assessment Year (AY) 2010-11. The Revenue has raised following grounds of appeal:
“1. Whether on the facts and in the circumstances of the case and in law, the Ld. CIT(A) has erred in restricting the disallowance on account of bogus/non- genuine purchases to 5% of the total disputed purchases, instead of upholding the addition made by the Assessing Officer of Rs.2,07,45,375/-, as the purchases were found to be nongenuine/ unverifi
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