2022 (7) TMI 1616

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....Revenue : Shri Pitta Samuel ORDER PER M. BALAGANESH (A.M): These appeals in ITA Nos.1551/Mum/2020 & 1552/Mum/2020 for A.Y. 2009-10 & 2013-14 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-59, Mumbai in appeal No. CIT(A)-59, Mumbai/10756/2017-18 & CIT(A)-59, Mumbai/10767/2017-18 dated 31/01/2020 (ld. CIT(A) in short) against the order of assessment passed u/s. 143(3....

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....used the materials available on record. The assessee is an importer, exporter and manufacturer of diamonds and dealer in diamonds, precious stones and jewellery. During the course of assessment proceedings, the assessee produced the books of accounts and records containing details of purchases, sales, bank statements and creditors before the ld. AO. The confirmation from all the creditors were cal....

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....ases by producing the relevant sale invoices, ledger copy of the parties, bank statement showing payments made through account payee cheques, stock register, copy of affidavits of persons confirming the transactions with the assessee, confirmation from parties confirming sales made to assessee alongwith their copy of ITR, their bank statements, PAN, their affidavit confirming the genuineness of tr....