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Income Tax Appellate Tribunal, “C” BENCH, MUMBAI
आयकर अपीलीय अधिकरण “C” न्यायपीठ म ुंबई में। IN THE INCOME TAX APPELLATE TRIBUNAL “C” BENCH, MUMBAI श्री महावीर स िंह, न्याययक दस्य एविं श्री व ीम अहमद, लेखा दस्य के मक्ष । BEFORE SRI MAHAVIR SINGH, JM AND SRI WASEEM AHMED, AM आयकर अपील सुं./ (यिर्ाारण वर्ा / Assessment Year 2011-12) The Dy. Commissioner of Prakash Industrial Infrastructure Income-Tax, Circle-1, Pvt. Ltd, Kalyan West-421301 Plot No. 34, Khaitan Bhavan, SP बनाम/ Mukharjee Road, Suryodaya CHS Vs. Ltd, Ambernath (E),-421 501 (अपीलार्थी / Appellant) (प्रत्यर्थी/ Respondent) स्र्थायी लेखा सुं./PAN No. AADCP8884D अपीलार्थी की ओर े / Appellant by : Shri Kumar Padampani Bora, DR प्रत्यर्थी की ओर े / Respondent by : None ुिवाई की तारीख / Date of hearing: 14.11.2019 घोर्णा की तारीख / Date of pronouncement : 29.11.2019 आदेश / O R D E R महावीर ससुंह, न्याययक सदस्य/ PER MAHAVIR SINGH, JM:
This appeal of the Revenue is arising out of order of the Commissioner of Income Tax (Appeals)]-2, Thane [in short CIT(A)], in vide dated 29.08.2018. The Assessment was framed by the Asst. Commissioner of Income Tax, Circle-1, Kalyan (in short ACIT/ AO) for the A.Y. 2011-12 vide order dated 10.03.2015 under section 143(3) of the Income-tax Act, 1961 (hereinafter ‘the Act’).
2 | P a g e 6278/Mum/18 Prakash Industrial Infrastructure
The only issue in this appeal of Revenue is against the order of CIT(A) restricting the addition by applying the profit rate at 25% of the bogus purchase.