2018 (9) TMI 1534

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....enardhanan ORDER PER R.C. SHARMA, AM This appeal has been filed by the assessee against the order of the CIT(A)-41, Mumbai dated 11.07.2016 for A.Y. 2009-10 in the matter of order passed under Section 144 r.w.s 147 of the Income Tax Act (hereinafter "the Act"). 2. In this appeal the assessee is aggrieved for upholding the addition of 30% of bogus purchase by the CIT(A). 3. We have h....

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....k register to prove the movement of goods. Being not satisfied with the explanation of the assessee the AO added 100% of the said purchase in assessee's income. 4. By the impugned order the CIT(A) restricted the addition to the extent of 30% of the total purchase. 5. From the record we find that the assessee has explained corresponding sales with respect to the entire purchases. The sales ha....