ITO 33(2)(1), Mumbai V. MR KETAN GOKULDAS BADIANI, Mumbai

MA 293/MUM/2021

• Counselvise Citation: [2022] 104 COUNSELVISE.COM (IT) 5074 (ITAT-MUMBAI)
• Duration Of Justice: 2 month(s) 22 day(s)
• Appeal Type: Miscellaneous Application
• Pronouncement Date: 27-02-2022
• Appeal Filed By: Department
• Order Result: Allowed
• Bench Allotted: H
• Assessment Year: 2011-2012
• Appeal Filed On: 05-12-2021
• Result in Favour of: Revenue
• Court: TRIBUNAL
• Keywords: Bogus purchase
• Section: 72

Judgement Text

IN THE INCOME TAX APPELLATE TRIBUNAL “H” BENCH, MUMBAI BEFORE S/SHRI M. BALAGANESH, ACCOUNTANT MEMBER AND S/SHRI AMARJIT SINGH, JUDICIAL MEMBER M.A. No.293/Mum/2021 (Arising out of ITA No. 2611/Mum/2019) (निर्धारणवर्ा / Assessment Year: 2011-12) ITO-33(2)(1) Room No.945, 9 th Floor, Kautilya Bhavan, Bandra Kurla Complex, Mumbai-400051. बिधम / Vs. Mr. Ketan Gokuldas Badiani F-221 Raj Arcade Ahaveer Nagar Dhanukar Wadi Kandiwali (W), Mumbai-400067. स्थायीलेखासं/.जीआइआरसं/.P AN/GIR N o. : AJ AP B 14 72 C (अपीलाथी/ Appellant)/Applicant .. (प्रत्यथी / Respondent) सुनवाईकीतारीख / Date of Hearing: 28/01/2022 घोषणाकीतारीख /Date of Pronouncement: 28/01/2022 ORDER PER AMARJIT SINGH, JM This order shall dispose of the present Miscellaneous Application Bearing No.293/Mum/2021 Arising out of ITA. No. 2611/Mum/19 for the A.Y.2011-12 decided vide order dated 07.04.2021. 2. The brief facts of the case Hon’ble ITAT ‘H’ Bench, Mumbai has decided the ITA. No.3094/Mum/2019 dated 01.01.2021 for the A.Y.2011-12 in which the AO has been directed to restrict the addition of bogus purchase by bringing Gross Profit (G.P.) on such bogus purchases at the same rate as that of the other genuine purchases. The Hon’ble ITAT ‘H’ Bench again passed an order in ITA. No. 2611/Mum/2019 vide order dated 07.04.2021 in an appeal filed by assessee in which the bogus purchases addition has been restricted to the extent of 5%. Both the decisions are contradictory Revenue by: Shri Hoshang B. Irani (DR) Assessee by: None M.A. No.293/Mum/2021 A.Y.2011-12 to each other. Accordingly, applicant requested to recall the ITA. No. 2611/Mum/2019 for the A.Y. 2011-12 dated 07.04.2021. 3. Notice given. 4. None appeared on behalf of the assessee. We have heard the argument advanced by the Ld. Representative of the revenue and perused the record. We find that an appeal bearing ITA. No.3094/Mum/2019 for the A.Y.2011-12 has been decided vide order dated 01.01.2021 and the ITA. No. 2611/Mum/2019 has been decided vide order dated 07.04.2021.The revenue as well as assessee have filed these appeals separately. Both the decisions denote different relief on a single issue of estimation of profit on bogus purchase and caused ambiguity. Therefore, we recall the order passed in ITA. No.2611/Mum/2019 for the A.Y.2011-12 dated 07.04.2021. The present Miscellaneous application is hereby allowed accordingly. In the result, the miscellaneous application filed by the revenue is hereby allowed. Order was pronounced in the open court on 28/01/2022 Sd/- Sd/- (M. BALAGANESH) (AMARJIT SINGH) लेखध सदस्य / ACCOUNTANT MEMBER न्यधनिक सदस्य/JUDICIAL MEMBER मुंबई Mumbai; ददनांक Dated : 28/01/2022 Vijay Pal Singh (Sr. P.S.) M.A. No.293/Mum/2021 A.Y.2011-12 आदेश की प्रनिनलनि अग्रेनर्ि/Copy of the Order forwarded to : 1. अपीलाथी / The Appellant 2. प्रत्यथी / The Respondent. 3. आयकर आयुक्त(अपील) / The CIT(A)- 4. आयकर आयुक्त / CIT 5. दवभागीय प्रदतदनदध, आयकर अपीलीय अदधकरण ,मुंबई / DR, ITAT, Mumbai 6. गार्ड फाईल/ Guard file. आदेशधिुसधर/ BY ORDER, सत्यादपत प्रदत //True Copy// उि/सहधिक िंजीकधर /(Dy./Asstt. Registrar) आिकर अिीलीि अनर्करण ,मुंबई / ITAT, Mumbai