VIMAL CHAND GOKHAROO,SURAT vs. ITO 3(3)(1), SURAT
In the result, appeal of the appellant is allowed
ITA 40/SRT/2025[2011-12]Status: DisposedITAT Surat28 Apr 2025AY 2011-12
Bench: Shri Siddhartha Nautiyal & Shri Bijayananda Prusethआयकर अपील सं./Ita Nos.40 To 42/Srt/2024 Assessment Years:(2011-12 To 2013-14) (Hybrid Hearing) Vimal Chand Gokharoo, Vs. The Ito, 16Th Floor, D Wing, Trade World, Ward – 3(3)(1), Kamala Mills, Compound, Senapati Surat Bapat Marg, Lower Parel, Mumbai - 400013 "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Acupj0819L (Appellant) (Respondent) Appellant By Shri Himashu Gandhi, Ca Respondent By Ms Jayshree Thakur, Sr. Dr Date Of Hearing 24/04/2025 Date Of Pronouncement 28/04/2025
Section 132Section 143(3)Section 271(1)(c)Section 274
bogus purchases. On further appeal, the ITAT, Surat vide order dated 13.12.2022 sustained addition @ 6% of total purchase of Rs.9,12,55,927/-. Thereafter, penalty of Rs.15,48,509/- was levied by the AO u/s 271(1)(c) of the Act, being minimum penalty @ 100% of the tax sought to be evaded.
4. Aggrieved by the order