TMI Blog2018 (2) TMI 1276X X X X Extracts X X X X X X X X Extracts X X X X ..... ribunal already [2018 (2) TMI 1201 - ITAT MUMBAI] found the addition as estimated by Ld. CIT(A) to be reasonable one and dismissed the revenue’s appeal and therefore, the same view may be taken here. The Ld. Authorized Representative [AR] for assessee, while conceding the same, pleaded for further relief. We concur with the stand of the revenue that a view has already been taken by the Tribuna ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ead with Section 147 of the Income Tax Act, 1961 on 24/03/2014. The solitary issue involved in the appeal is addition against certain alleged bogus purchases. 2.1 Facts leading to the same are that the assessee being resident corporate assessee engaged in Trading of Iron Steel was subjected to an assessment u/s 143(3) read with Section 147 for impugned AY at ₹ 10,71,88,997/- after addit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sale/purchase details, bank statement evidencing payments to suppliers. However, notices u/s 133(6) as well as summons u/s 131 issued to alleged bogus suppliers remained un-served with remarks not known / not claimed . Finally, not convinced, Ld. AO disallowed the purchases and added the same to the income of the assessee. 3. Aggrieved, the assessee contested the same with partial success befo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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