MYSTIC ELECTRONICS LIMITED ,MUMBAI vs. ITO WARD 10(3)(3), MUMBAI
In the result, ground no. 3 with its sub grounds is allowed
ITA 3210/MUM/2023[2013-14]Status: DisposedITAT Mumbai16 Dec 2024AY 2013-14
Bench: Smt Beena Pillai & Smt Renu Jauhriassessment Year: 2013-14 Mystic Electronics Ito Ward 10(3)(3) Limited Aaykar Bhavan, 401-A, Pearl Arcade, M.K. Road, Opp. P. K. Jwellers, Maharashtra- 400020. Vs. Dawood Baugh Lane, Off J. P. Road, Maharashtra- 400058. Pan: Aagcp1710R Appellant : Respondent
For Appellant: RespondentFor Respondent: R. R. Makwana, Sr. D.R
Section 131Section 143(1)Section 143(2)Section 145(3)
bogus/accommodation entries.
2. In doing so, the Id. CIT(A) did not appreciate that a. the AO could not have rejected the books of account without establishing the defects, incompleteness and inaccuracies in the accounts of the appellant as required u/s 145(3) of the Act.
b. merely because the purchase & sale parties could not be produced, the same cannot
