KALPSARU DIAMONDS ,MUMBAI vs. ACIT 23(2), MUMBAI
In the result, the grounds raised by the assessee as well as In the result, the grounds raised by the assessee as well as Revenue are allowed for statistical purposes
ITA 3223/MUM/2023[2012-13]Status: DisposedITAT Mumbai28 Mar 2024AY 2012-13
Bench: Shri Om Prakash Kant () & Shri Rahul Chaudhary () Assessment Years: 2012-13 Kalpsaru Diamonds, Acit 23(2), Jw 8040/250, Bharat Diamond Piramal Chambers, Vs. Bourse, Bkc, Bandra East, Mumbai-400013. Mumbai-400051. Pan No. Aaafk 6960 H Appellant Respondent Assessment Years: 2012-13 Dy. Cit-23(1), Kalpsaru Diamonds, Room No. 511, Fifth Floor, Jw 8040/250, Bharat Diamond Piramal Chambers, Parel, Vs. Bourse, Bkc, Bandra East, Lalbaugh-400012. Mumbai-400051. Pan No. Aaafk 6960 H Appellant Respondent
For Respondent: Mr. Ajay Singh
Section 143(3)Section 148Section 69C
bogus purchases amounting to Rs.2,41,77,979/
amounting to Rs.2,41,77,979/ - is treated as assessee's u is treated as assessee's unexplained expenditure u/s 69C of the Act and added to the total income of the expenditure u/s 69C of the Act and added to the total income of the expenditure
