DCIT 32(2), MUMBAI vs. METCRAFT ENGG. CORPORATION, MUMBAI
In the result, appeal filed by the revenue for assessment year 2011-2012
ITA 4170/MUM/2015[2011-12]Status: DisposedITAT Mumbai28 Jun 2019AY 2011-12
Bench: Shri Rajesh Kumar (Am) & Shri Ram Lal Negi (Jm) Assessment Year: 2011-12 The Dy. Commissioner Of Income M/S Metcraft Engg. Corporation, Tax -32(2), 601-602, Siddharth Arcace, Pratyaksha Kar Bhavan, Factory Lane, L.T. Road, Room No. 308, C-10, 3Rd Floor, Vs. Borivali (West), Bandra Kurla Complex, Mumbai - 400092 Bandra (East), Pan: Aaafm1677M Mumbai - 400051 (Appellant) (Respondent) Revenue By : Shri M. Naveen (Dr) Assessee By : Shri M. Subramanian (Ar) Date Of Hearing: 06/06/2019 Date Of Pronouncement: 28/06/2019
For Appellant: Shri M. Subramanian (AR)For Respondent: Shri M. Naveen (DR)
Section 143Section 14ASection 206CSection 69C
Section 206C and also the assessee failed to furnish the form No. 27C from all the parties to whom the scrap has been sold.
3. On the facts and in the circumstances of the case and in law, the Ld. CIT (A) erred in deleting addition of unexplained expenditure of Rs. 2,75,198/- on account of bogus purchases
