2018 (2) TMI 1276

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....aptioned appeal by assessee for Assessment Year [AY] 2009-10 assails the order of the Ld. Commissioner of Income-Tax (Appeals)-2 [CIT(A)], Mumbai, Appeal No.CIT(A)-2/IT/46/2014-15 dated 26/02/2016. The assessment for impugned AY was framed by Ld. Income Tax Officer-1(1)(1) [AO] u/s 143(3) read with Section 147 of the Income Tax Act, 1961 on 24/03/2014. The solitary issue involved in the appeal is ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....s. Consequently, statutory notice u/s 148 dated 14/03/2013 was issued to the assessee which was followed by notices u/s 143(2) and 142(1). 2.3 During assessment proceedings, the assessee, inter-alia, pleaded that the purchases were genuine and produced party wise sale/purchase details, bank statement evidencing payments to suppliers. However, notices u/s 133(6) as well as summons u/s 131 issued t....