2023 (2) TMI 747

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.... ORDER PER KUL BHARAT , JM : The present appeal filed by the assessee for the assessment year 2009- 10 is directed against the order of Ld. CIT(A)-43, New Delhi dated 24.08.2018. The assessee has raised following grounds of appeal:- 1. "On the facts and in the circumstance of the case and in law the CIT(A) was incorrect and unjustified i. In dismissing the appeal of the....

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....and in the circumstance of the case and in law the CIT(A) was incorrect and unjustified in not holding action u/s 147 as illegal and bad in law when the condition necessary as provided in first proviso to section 147 regarding failure to disclose fully and truly all material facts in the reason itself is not satisfied. 3. On the facts and in the circumstance of the case and in law the CIT....

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....,926/- have been found to be entered in the books of account which are audited and such purchases have been found to be sold during the same assessment year and also found entered in the Stock Register. 6. On the facts and in the circumstance of the case and in law the CIT(A) was incorrect and unjustified in holding that the assessee had not made purchase from Tirupati Trading Company eve....

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....and is being disposed off on the basis of written submissions and material available on record. BRIEF FACTS OF THE CASE 3. Facts giving rise to the present appeal are that return of income was electronically filed on 30.09.2009, declaring a loss of Rs.7,05,37,007/- which was assessed u/s 143(3) of the Income Tax Act, 1961 ("the Act") at a loss of Rs.6,38,57,040/- on 30.12.2011. Thereafter, t....