FAGIOLI INDIA P.LTD,MUMBAI vs. ASST CIT (HQ)(JDL) CIT-14,

आदेश / O R D E R PER R.C.SHARMA (A.M): This is an appeal filed by the assessee against the order of CIT(A)- 22, Mumbai dated 19/01/2017 for the A.Y.2011-12 in the matter of order passed u/s.143(3) of the IT Act. 2. The following grounds have been taken by the assessee:- The learned Commission of Income-tax (Appeals) erred in confirming the addition to the extent of 12.5% of the purchases of Rs.20,81,882/- added by the Assessing Officer as bogus purchases. Your appellants submit that even 12.5% of Rs.20,81,882/- i.e., Rs.2,60,235/- ought not to be added to the income of the appellants and the entire addition on account of purchases ought to have been and be deleted.