M/S. CTR MANUFACTURING INDUSTRIES LIMITED,,PUNE vs. DEPUTY COMMISSIONER OF INCOME TAX,, PUNE
In the result, the appeal of assessee is partly allowed
ITA 1056/PUN/2017[2011-12]Status: DisposedITAT Pune17 Jul 2019AY 2011-12
Bench: Ms. Sushma Chowla, Jm & Shri Anil Chaturvedi, Am आयकर अपीऱ सं. / Ita No.1056/Pun/2017 यििाारण वषा / Assessment Year : 2011-12 M/S. Ctr Manufacturing Industries Ltd., Nagar Road, अऩीऱाथी/Appellant Pune – 411014 …. Pan: Aaacc7256R Vs. The Dy. Commissioner Of Income Tax, …. प्रत्यथी / Respondent Circle 1(1), Pune
For Appellant: Shri Nikhil PathakFor Respondent: Shri M.K. Verma
Section 143(3)Section 69C
Section 69C simply did not arise.
7]
Without prejudice to the above grounds, the appellant submits that the disallowance of entire purchases amounting to Rs.1,37,99,275/- is not justified and only the gross profit on the same can at the most be added to the income of the appellant.
3. The only issue raised in the present appeal