Income Tax Appellate Tribunal - Mumbai
Dombivli Papaer Mfg. Co.P.Ltd, Thane vs Asst Cit Cir 1, Kalyan on 25 March, 2019
1 ITA No.1035/Mum/2018 Dombivili Paper Mfg. Co.Pvt.Ltd.
AY :2011-12 आयकर अपीलीय अिधकरण "डी" ायपीठ मुंबई म ।
IN THE INCOME TAX APPELLATE TRIBUNAL "D" BENCH, MUMBAI माननीय ी महावीर िसं ह, ाियक सद एवं माननीय ी मनोज कुमार अ वाल ,ले खा सद के सम ।
BEFORE HON'BLE SHRI MAHAVIR SINGH, JM AND HON'BLE SHRI MANOJ KUMAR AGGARWAL, AM आयकरअपील सं./ I.T.A. No.1035/Mum/2018 (िनधा रण वष / Assessment Year:2011-12) Dombivili Paper Mfg. ACIT-Circle-1 Co.Pvt.Ltd. Kalyan, Mohan Plaza बनाम/ B-42, Phase-I, MIDC 1 s t Floor, W ayle Nagar Golavali Village, Dombivli(E), Vs. Khadakpada, Kalyan Distt. Thane-421 203. Distt. Thane-421 301. थायीले खासं ./जीआइआरसं ./PAN/GIR No. AAACD-5897-M (अ पीलाथ!/Appellant) : ("#थ! / Respondent) Appellant by : Subodh Ratnaparkhi-Ld.AR Respondent by : Abhi Rama Kartikeyan - Ld.DR सुनवाई की तारीख/ : 20/03/2019 Date of Hearing घोषणा की तारीख / : 25/03/2019 Date of Pronouncement आदे श / O R D E R Per Manoj Kumar Aggarwal (Accountant Member)
1. Aforesaid appeal by assessee for Assessment Year [in short referred to as 'AY'] 2011-12 contest the order of Ld. Commissioner of Income-Tax (Appeals)-2, Pune [in short referred to as 'CIT(A)'], Appeal No.(new)PN/CIT(A)-2/ACIT-Cir-1/KYN/211/2017-18; Appeal No.(old):
THN/CIT(A)-2/ACIT-Cir-1/KYN/40/2015-16 dated 14/11/2017 qua 2 ITA No.1035/Mum/2018 Dombivili Paper Mfg. Co.Pvt.Ltd.
AY :2011-12 confirmation of certain addition of Rs.7.17 Lacs on account of alleged bogus purchases.
2.1 Brief facts are that the assessee being resident corporate entity stated to be engaged in manufacturing of papers was subjected to reassessment proceedings for impugned AY u/s 143(3) read with Section 147 on 26/02/2015 by Ld. Assistant Commissioner of Income Tax-Circle-1, Kalyan [AO]. The reassessment proceedings got triggered pursuant to receipt of certain information from Sales Tax Department, Maharashtra & investigation wing that the assessee stood beneficiary of accommodation purchase bills to the tune of Rs.7.17 Lacs from 5 parties, the details of which have been extracted in para 2 of the quantum assessment order. Accordingly, notice u/s 148 dated 20/06/2013 was issued to the assessee which was followed by statutory notices u/s 143(2) & 142(1). The original return of income filed by the assessee on 24/09/2011 was processed u/s 143(1). 2.2 The assessee could not substantiate delivery of material with cogent evidences and also failed to produce any of the suppliers to confirm the transactions. Notices sent u/s 133(6) to all the suppliers to confirm the transactions did not elicit satisfactory response. Accordingly, the purchases were disallowed and added to the income of the assessee. The stand of Ld. AO, upon confirmation by first appellate authority is under appeal before us.
3. The Ld. Authorized Representative for the assessee, at the outset, drew our attention to the order of this Tribunal in assessee's own case for AYs 2009-10 & 2010-11 ITA Nos.3571-71/Mum/2016 dated 18/08/2017 and submitted that additions may be restricted to 12.5% in 3 ITA No.1035/Mum/2018 Dombivili Paper Mfg. Co.Pvt.Ltd.
AY :2011-12 terms of the order. The Ld. DR fairly conceded that identical issue has already been decided by the Tribunal.
4. In view of the admitted position, we restrict the impugned additions to 12.5% of alleged bogus purchases of Rs.7,17,020/- which comes to Rs.89,628/- and delete the balance addition.
5. Resultantly, the appeal stands partly allowed.
Order pronounced in the open court on 25th March, 2019.
Sd/- Sd/-
(Mahavir Singh) (Manoj Kumar Aggarwal)
ाियक सद / Judicial Member लेखा सद / Accountant Member मुंबई Mumbai; िदनां क Dated : 25/03/2019 Sr.PS, Jaisy Varghese आदे शकी"ितिलिपअ$ेिषत/Copy of the Order forwarded to :
1. अपीलाथ!/ The Appellant
2. "#थ!/ The Respondent
3. आयकरआयु*(अपील) / The CIT(A)
4. आयकरआयु*/ CIT- concerned
5. िवभागीय"ितिनिध, आयकरअपीलीयअिधकरण, मुंबई/ DR, ITAT, Mumbai
6. गाड/ फाईल / Guard File आदे शानुसार/ BY ORDER, उप/सहायक पंजीकार (Dy./Asstt.Registrar) आयकरअपीलीयअिधकरण, मुंबई / ITAT, Mumbai.