2021 (6) TMI 888

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.... This appeal of Revenue is arising out of the order of the Commissioner of Income Tax (Appeals)]-36, Mumbai, [in short CIT(A)], in appeal No. CIT(A)-36/IT-481 & 482/ACIT- 24(1)/2016-17 for AY 2009-10 dated 29.08.2019. The assessment was framed by the Asst. Commissioner of Income Tax (in short ACIT/ITO/AO), Circle-24(1), Mumbai for the A.Y. 2009-10 vide dated 28.12.2016 under section 143(3) read....

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....ssessee as net profit for the AY 2009-10." 3. Briefly stated facts are that the assessee engaged in the business of manufacturing of chairs, tables and other furniture. The AO has been informed vide letter bearing No. DDIT (Inv)U4(4)/REIC/2015-16 dated 04.03.2016 received from Deputy Director Central Excise DGCEI Zonal Unit, Mumbai regarding the search was carried out and found incriminating ma....

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....ind no infirmity in the decision taken by the AO. The assessee has accepted in Pan 7 of the Assessment Order for AY 2010-11 dated 28/12/2016 that it had hidden undisclosed sales of 1,25,59,483/- which was declared before the Central Excise Authorities confessing that there was no manufacturing activity at Roorkee Unit but all manufacturing was being carried out at the Daman Unit. A declaration of ....