2021 (4) TMI 758

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....kala Pardeshi ORDER Per Shamim Yahya (AM) :- By way of this Miscellaneous Application assessee seeks rectification of mistake apparent from record in the order of this Tribunal in ITA No. 4929/Mum/2017 vide order dated 20.8.2019 pertaining to assessment year 2011-12. 2. The ITAT in the said order has set aside the order of learned CIT(A) on the issue of cash credit within the meaning o....

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....ecorded various details filed by the assessee which has affected the ultimate outcome of the impugned order. The assessee has referred several instances that ITAT has erred that certain documents were not filed. 5. Further with regard to the addition on account of bogus purchases, it has been submitted that again there are some factual inaccuracies in the order of the ITAT, which have affected ....

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....case of ACIT Vs. Saurashtra Kutch Stock Exchange Ltd. (305 ITR 227). That the Tribunal had erred and failed to consider that the assessee had already recorded corresponding sales for several of the alleged bogus purchases. Therefore the ITAT was incorrect in sustaining 100% disallowance for bogus purchases. 6. Learned Counsel of the assessee in this regard placed reliance in the case of Nisha S....

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..... Per contra, learned Departmental Representative submitted that the ITAT has passed well reasoned and elaborate order. The assessee is trying to seek review of that order in the guise of rectification of the mistake apparent from record. 8. Upon careful consideration, we find that the ITAT has elaborately discussed the issues both as regards addition u/s. 68 of the Act and disallowance of bogu....