TaxTMI 
TaxTMI 
2021 (3) TMI 216
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.... Aforesaid appeal has been filed by the assessee challenging the order dated 10th April 2019, passed by the learned Commissioner of Income Tax (Appeals)-33, Mumbai, for the assessment year 2009-10. 2. At the outset, Shri Madhur Agarwal, leaned Counsel for the assessee submitted that on the instructions of the assessee, he would not press ground no.3. Accordingly, ground no.3, is dismissed as....
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.... received information from the Sales Tax Department indicating that steel purchased amounting to Rs. 14,80,433, from two parties are non-genuine as the concerned parties have been found to be providing accommodation bills. On the basis of such information, the Assessing Officer re-opened the assessment under section 147 of the Act. During the assessment proceedings, the Assessing Officer called up....
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....nsel for the assessee submitted, the re-opening of assessment is bad-in-law as in the reasons recorded the Assessing Officer has referred to expenditure of Rs. 7,776, whereas, in the assessment order, he has treated the purchases of Rs. 14,80,433, as non-genuine. Thus, he submitted, the reasons recorded clearly reveal complete non-application of mind by the Assessing Officer. 6. As regards the ....
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....eceived specific information from the Sales Tax Department that certain purchases claimed to have been made by the assessee during the year are non-genuine. Therefore, the Assessing Officer has tangible material in his possession to form a belief regarding escapement of income. Mentioning of a wrong figure in the reasons recorded, therefore, would not invalidate the proceeding. Therefore, I uphold....