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Waman Hari Pethe Jewllers, Mumbai vs Acit 16(3), on 23 April, 2018

I.T.A. No.5681 to 5683/Mum/2016

2. First we shall take up Appeal for the assessment year 2010-11 in ITA
no. 5682/Mum/2016. The grounds of appeal raised by the assessee in the
memo of appeal filed with the Income-Tax Appellate Tribunal, Mumbai
(hereinafter called “the tribunal”) for AY 2010-11 , reads as under:-

“1. The Learned CIT (A)-30 erred in confirming additions of Rs.39,000/-

made by the Assessing Officer being Revenue expenditure on the
grounds that the appellant appeared as beneficiary of taking bogus
bills without taking delivery of the good.

2. He further erred in confirming disallowance of Rs. 29,139/- being
depreciation on capital expenditure of Rs. 2,91,392/- on the ground
that the appellant appeared as beneficiary on account of taking bogus
bills without taking delivery of the good.

Source: IK



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Waman Hari Pethe Jewllers, Mumbai vs Acit 16(3), on 23 April, 2018

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