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TMI Blog2021 (1) TMI 9X X X X Extracts X X X X X X X X Extracts X X X X ..... A No.3719/Mum/2018 for Assessment Year (AY) 2011-12 arise out of the order by the ld. Commissioner of Income Tax (Appeals)-30, Mumbai in appeal No.CIT(A)-30/19(1)(3)/74/2014-15, dated 26/03/2018 (ld. CIT(A) in short) against the order of assessment passed u/s.143(3) of the Income Tax Act, 1961 (hereinafter referred to as Act) dated 13/03/2014 by the ld. Income Tax Officer-16(3)(4), Mumbai (hereina ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he course of regular assessment proceedings sought to verify the genuinity of such purchases:- Sr.No. Name of the Party Amount 1 Jay Enterprises Rs. 78,60,231/- 2 Darshat Trading Pvt.Ltd Rs. 63,18,543/- 3 N.R.Traders Rs. 68,18,860/- Total Rs. 2,09,97,634/- 4. The Ld. AO directed the assessee to furnish the addresses of the aforesaid parties, which were duly furnished by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e an addition u/s 69C of the Act thereon. 5. We find that the assessee had pleaded that all the payments were made by the account payee cheques to the aforesaid suppliers; that all the relevant purchase bills were duly produced before the Ld. AO; that affidavits and depositions and statements of alleged hawala operators which were relied upon by the Ld. AO were neither furnished to the assessee b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing sales made out of disputed purchases were not doubted by the Ld. AO before us. No contrary evidence to this effect was also produced by the Ld. DR before us. It is not in the dispute that the assesee had indeed made purchases from certain parties whose names appeared in the list of hawala bills maintained by the sales tax department, Government of Maharashtra, but however the assessee could no ..... X X X X Extracts X X X X X X X X Extracts X X X X
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