DCIT- 26(1), MUMBAI vs. HINDUSTA MORTAR LINING LLP, MUMBAI

In the result, appeal filed by the Revenue is dismissed

Bench: Shri Kuldip Singh & Shri Gagan Goyaldy.Cit-26(1), Room No. 623, 6Th Floor, Kautilya Bhavan, Bkc, Bandra (E), Mumbai-400051. ...... Appellant Vs. M/S Hindusta Mortar Lining Llp Gala No.35, Shree Jee Ind. Estate, Subhash Road, Jogeshwari (E), Mumbai-400060. Pan: Aaffh4358D ..... Respondent Appellant By : Sh. Tejinder Pal Singh, Sr. Dr Respondent By : None Date Of Hearing : 14/07/2022 Date Of Pronouncement : 26/09/2022 Order Per Gagan Goyal, A.M: This Appeal By The Revenue Is Directed Against The Order Of National Faceless Appeal Centre, Delhi [Hereinafter Referred To As [‘Nfac’] Dated 02.03.2021 Passed Under Section 250 Of The Income Tax Act, 1961 (Hereinafter Referred To As [‘The Act’] For The Assessment Year (Ay) 2011-12. The Revenue Has Raised The Following Grounds Of Appeal:

271(1) (C) of Rs 662,21/- imposed in respect of difference between enhanced income confirmed by ITAT over and above the returned income based on evidences which prove that the assessee has debited purchases from parties which did not make actual supply of goods and, thereby, falsified the books of accounts. 4. The appellant craves leave to add, amend