2021 (1) TMI 9

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.....M): This appeal filed by revenue in ITA No.3719/Mum/2018 for Assessment Year (AY) 2011-12 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-30, Mumbai in appeal No.CIT(A)-30/19(1)(3)/74/2014-15, dated 26/03/2018 (ld. CIT(A) in short) against the order of assessment passed u/s.143(3) of the Income Tax Act, 1961 (hereinafter referred to as Act) dated 13/03/2014 by the ld. In....

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.... of Government of Maharashtra, the Ld. AO in the course of regular assessment proceedings sought to verify the genuinity of such purchases:- Sr.No. Name of the Party Amount 1 Jay Enterprises Rs. 78,60,231/- 2 Darshat Trading Pvt.Ltd Rs. 63,18,543/- 3 N.R.Traders Rs. 68,18,860/-   Total Rs. 2,09,97,634/- 4. The Ld. AO directed the assessee to fur....

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....and treated the same as unexplained expenditure incurred by the assessee and made an addition u/s 69C of the Act thereon. 5. We find that the assessee had pleaded that all the payments were made by the account payee cheques to the aforesaid suppliers; that all the relevant purchase bills were duly produced before the Ld. AO; that affidavits and depositions and statements of alleged hawala opera....

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....venue is in appeal before us. 6. We find that in the instant case, the corresponding sales made out of disputed purchases were not doubted by the Ld. AO before us. No contrary evidence to this effect was also produced by the Ld. DR before us. It is not in the dispute that the assesee had indeed made purchases from certain parties whose names appeared in the list of hawala bills maintained by th....