2018 (9) TMI 2008

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....ue : S. Padmaja, Ld. DR ORDER Per Manoj Kumar Aggarwal (Accountant Member) 1. Aforesaid appeal by revenue for Assessment Year [AY] 2010-11 contest the common order of the Ld. Commissioner of Income-Tax (Appeals)-50 [CIT(A)], Mumbai dated 31/03/2016 by raising the following sole ground of appeal: - "On the facts and circumstances of the case and in law, the Learned CIT(A) erred in....

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.... been assessed at Rs. 157.88 Lacs. 2. Pursuant to search operations on 04/02/2011 in the case of M/s JIK Industries Private Limited and its associates, it was found that the assessee provided accommodation sales bill to the aforesaid entity. Consequently, notice u/s 153C was issued to the issue which was followed by notices u/s 142(1). However, the assessee neither filed return of income nor pr....

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....nd the revenue, in similar manner, contested the stand of Ld. CIT(A) for AYs 2009-10 & 2011-12 without any success before this Tribunal vide ITA No. 4908 & 4910/Mum/2016 dated 17/05/2017, a copy of which has been placed on record. Per contra, Ld. CIT DR, Ms. S.Padmaja, submitted that the additions had not attained the finality yet. 5. Upon careful consideration, we find that a view has already ....