In the result, (i) the appeal of the assessee for AY 2009-10 is partly allowed and for AY 2020-21 is treated as allowed
Bench: Shri B.R. Baskaran (Am) & Shri Amit Shukla (Jm)
145(3) of the Act. 11.4 The Ld CIT(A) noticed that the AO has not found any defect in the books of account and the books have not also been rejected. Further, the AO has not adversely comment on the correctness of purchases and sales reported by the assessee. The fact that the assessee had purchased machinery under Term