2017 (6) TMI 11

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....M: By way of this appeal the assessee is challenging the order of ld.CIT(A)-44, Mumbai dated 27.1.2016 for the assessment year 2011-12. 2. The assessee has raised various grounds of appeal wherein the only issue is against the confirmation of addition of Rs. 34,82,851/- by the ld.CIT(A) as made by the AO on account of bogus purchases from three parties namely Hermitage Trading Co. Rs. 10,57,....

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.... have carefully considered the rival contentions on the point of delay in filing of the appeal and after perusing the affidavit and contention of the assessee, we find that the assessee was prevented by a reasonable cause for filing the appeal before this Tribunal. In our opinion, the purpose of adjudicating the appeal is to impart the justice to the aggrieved party and not to deny justice on flim....

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....of the ld.AR by submitting that all the purchases made by the assessee were in cash and there were lot of discrepancies in the books of account as pointed out by the AO which was the basis for upholding the addition made by the AO by the FAA. The ld.DR submitted that there were no lorry receipts for transporting the goods purchased by the assessee besides other discrepancies and therefore full amo....

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.... profit of Rs. 13,85,827/- on the sales of Rs. 5.29 crores. However, the AO has declined the corresponding sales made by the assessee, nor rejected assessee's books of accouns. Keeping view various judicial pronouncements referred by the AR in the case of Ganpatraj A Sanghvi, ITA No.2826/Mum/2013, order dated 5-11- 2014 and JM Textiles, ITA No.7537&7538/M/2013, order dated 4-11-2015 and also consi....