DCIT, Central Circle-8(2), Mumbai vs. Associate Lumbers Private Limited, Mumbai
Accordingly, appeal filed by the assessee is allowed and appeal filed by the revenue is dismissed
ITA 81/MUM/2018[2013-14]Status: DisposedITAT Mumbai23 Feb 2022AY 2013-14
Bench: Shri S. Rifaur Rahman, Hon'Ble & Shri Pavan Kumar Gadale, Hon'Ble
For Appellant: Neha ParanjpeFor Respondent: S.N. Kabra
Section 132Section 153A
…ok to impress upon us that there is no actual cost to the assessee. M/s. Associate Lumbers Pvt. Ltd., 11. With regard to Department appeals she relied on findings of the assessing officer and relied on the case CIT v. Hynoup Food And Oil Ind. Pvt. Ltd. (2005) 199 CTR 350 (Gujarat). 12. In rejoinder, Ld AR objected to the submissions made by the Department representative that assessee received huge excess quantity on imports. He submitted that assesse had sold not only the imported quantity but also purchases indigenous quantity and made the cash sales, further he brought to our notice Page No.20 of paper book to…