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Income Tax Appellate Tribunal, “SMC” Bench, Mumbai
Before: Shri Shamim Yahya (AM)
बनाम/ M/s. Sangeeta Metal ITO 19(3)(2), (India), Room No. 224, 2nd Floor, 26/24, 6B/1, Ground Matru Mandir, Tardeo v. floor, Sindhi Lane, Mumbai Road, Mumbai 400007 400004 PAN: AAFFS6604P (Appellant) .. (Respondent) Assessee by: Shri. Neel Khandelwal Revenue by: Shri. Chaitanya Anjaria सुनवाई की तारीख /Date of Hearing : 26.08.2019 घोषणा की तारीख /Date of Pronouncement : 03.09.2019 आदेश / O R D E R
PER SHAHMIM YAHYA, Accountant Member:
This is an appeal by the assessee wherein the assessee is aggrieved that the learned CIT-A has erred in sustaining 12.5% disallowance on account of bogus purchases, vide order dated 09.10.2017 pertaining to assessment year 2010-11.
Brief facts of the case are that assessee in this case is engaged in business of trading in ferrous and non ferrous metals. The Assessment in this case was reopened upon receipt of information from the sales tax Department that assessee has made bogus purchases. The assessee submitted the purchase vouchers and the payments were made through banking channel. However the suppliers were not produced before the assessing officer. Sales in this case were not doubted.
M/s. Sangeeta Metal (India)