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Income Tax Appellate Tribunal, “SMC” BENCH,
Before: SHRI SHAMIM YAHYA, AM
O R D E R
PER SHAMIM YAHYA, AM:
This appeal filed by the assessee is directed against the order of the Commissioner of Income Tax (Appeals)-29, Mumbai [hereinafter referred to as the “CIT(A)”] dated 16/04/2018 and pertains to A.Y.2011-12.
The assessee had challenged the order of the Ld. CIT(A) wherein the validity of reopening and the addition @ 12.5% of the bogus purchase has been upheld by Ld. CIT(A). The assessee has also raised the following ground before ITAT.