Search: bogus purchases

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Chandigarh9 Jaipur6 Delhi2 Hyderabad1 Jodhpur1 Mumbai1

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Section 143(3)2 Section 69C2

DCIT, 13(3)(2), MUMBAI., AAYAKAR BHAWAN, MUMBAI. vs. MOSHAU VALUE RESEARCH PRIVATE LIMITED, GOREGAON EAST, MUMBAI

In the result, appeal of the Revenue is dismissed

ITA 3782/MUM/2023[2021-22]Status: DisposedITAT Mumbai27 Sept 2024AY 2021-22

Bench: Shri Satbeer Singh Godara & Shri Girish Agrawalassessment Year: 2021-22

For Appellant: Shri Satyaprakash Singh, CAFor Respondent: Smt. Mahita Nair, Sr. DR

Section 143(3)Section 144B(1)(xvi)Section 194CSection 69C

144B(1)(xvi) (b) of the Act. In the Final Order, the Assessing Unit disallowed 30% of Rs. 10,90,97,527/- amounting to Rs. 3,27,29,258/- u/s 69C. Correct fact submitted is that purchases from the alleged bogus suppliers was only Rs. 8,62,47,027/- as against Rs.10,90,97,527/-. In the order, Assessing Unit