2018 (4) TMI 314

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....r hearing but none appeared on behalf of assessee nor any application was moved for adjournment. However, we find that the issue raised in the present appeals stand covered by earlier orders of Tribunal on the said issue of bogus purchases. Accordingly, we proceed to decide the present appeals after hearing the learned Departmental Representative for the Revenue. 3. Both the appeals of assessee on similar issue were heard together and are being disposed of by this consolidated order for the sake of convenience. In order to adjudicate the issues, reference is being made to the facts in ITA No.2708/PUN/2016, relating to assessment year 2009-10. 4. The assessee in ITA No.2708/PUN/2016, relating to assessment year 2009-10 has raised the f....

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....essee in this regard had received two bills totaling Rs. 44,07,780/-. The Assessing Officer thus, recorded reasons for reopening the assessment and initiated proceedings under section 147 / 148 of the Act. 7. The CIT(A) upheld the reopening of assessment in view of the ratio laid down by the Hon'ble Supreme Court in ACIT Vs. Rajesh Jhaveri Stock Brokers Pvt. Ltd. (2007) 291 ITR 500 (SC). The CIT(A) also decided connected issue of assessee challenging service of notice under section 143(2) of the Act and after going through assessment records and the dispatch register, came to a finding that notice under section 143(2) of the Act was issued to the assessee and was sent by speed post. In view thereof, both these pleas of assessee were ....