2019 (9) TMI 1729

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....s-Ld.DR For the Assessee : Shri Mehul Shah-Ld. AR ORDER Per Bench: - 1. These cross-appeals foe Assessment Year [AY] 2010-11 contest the order of Ld. Commissioner of Income-Tax (Appeals)-24 Mumbai, [in short referred to as 'CIT(A)'], Appeal No. CIT(A)-24/IT-581/704/ITO27(1)(4)/2017-18 dated 09/05/2018. The only issue involved in the cross-appeals is estimation of addition on account of....

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....sment order. Accordingly, as per due process of law, re-assessment proceedings were initiated against the assessee u/s 147 by issuance of notice u/s 148 on 19/03/2015. The statutory notices u/s 143(2) & 142(1) were issued in due course of assessment proceedings wherein the assessee was directed to substantiate the purchase transactions. 2.3 To confirm the purchases transactions, notices u/s 133....