2017 (10) TMI 1309

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....p; This M.A. filed by assessee arose out of order passed by the Tribunal dated 11/01/2017 in ITA No.1045/Mum/2016.   2. It was contended by learned AR that Hon'ble ITAT appears to have proceeded on the misconception that the assessee did not produce the vendors before the AO and that they have not confirmed the transactions entered into with the assessee. This is evident from paragr....

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....ith the assessee. This finding of the CITA is recorded at Page 4 of the CIT(Appeals) of his order dated 23rd April 2014 -para D.I which states as under: The Assessing Officer was asked to submit remand report. In the remand proceedings the assessee produced all the aforesaid three parties from whom the assessee claimed to have made purchases. These parties confirmed having made sales to the ass....