2024 (11) TMI 500

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....or the Revenue : Shri Asif Karmali, Sr. D/R ORDER PER NARENDRA KUMAR BILLAIYA, AM: This appeal by the assessee is preferred against the order of the ld. CIT(A)/Addl./JCIT-(4), Kolkata, dated 29/01/2024 [hereinafter 'ld. CIT(A)'] pertaining to AY 2010-11. 2. Delay of 83 days is condoned. 3. The sum and substance of the grievance of the assessee is that the ld. CIT(A) erred in enhanci....

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....es:- Sr. No. Name of the Party who has issued bogus bills to the assessee Amount of such bogus bill in Rs. 1. Asthavinayak Sales Agency 447824 2. Hiten enterprises 308568 3. Adinoth Trading Co 6,13,907 4. Meghani Impex Pvt Ltd 2,39135   Total 16,09,434 4.2. The AO further issued notice u/s 133(6) of the Act to all the above parties but ....

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....n of Rs. 16,09,434/-. 6. Before us, the ld. Counsel for the assessee reiterated that the purchases are genuine and only the profit element imbibed in the alleged bogus purchases should be added. Referring to the decision of the Coordinate Bench in the case of M/s. Kuldeep Glass and Aluminium vs. ITO in ITA No. 7139/Mum/2018, the ld. Counsel pointed out that the Co-ordinate Bench after consideri....