IN THE INCOME TAX APPELLATE TRIBUNAL “H(SMC)” BENCH, MUMBAI BEFORE SMT. BEENA PILLAI (JUDICIAL MEMBER)

AND SHRI OMKARESHWAR CHIDARA (ACCOUNTANT MEMBER)

Assessment Year: 2007-08 ACIT – 19(1), Mumbai Vs. Parul Diamond

30-a, Amar Wing Tirupati Apartment B.D. Desai Road Opp. Mahalaxmi Temple Maharashtra - 400026 [PAN: AAAFP4784E]

(Appellant) (Respondent)

C.O. No. 53/Mum/2025 Assessment Year: 2007-08 Parul Diamond Vs. ACIT – 19(1), Mumbai

30-a, Amar Wing Tirupati Apartment B.D. Desai Road Opp. Mahalaxmi Temple Maharashtra - 400026 [PAN: AAAFP4784E]

(Appellant) (Respondent)

Appellant by Shri Govind Javeri, A/R Respondent by Shri Pravin Salunkhe, Sr. D/R Date of Hearing 04.11.2025 Date of Pronouncement 02.12.2025 ORDER Per Bench:

The present appeal by the revenue and cross-objection by the assessee are filed against the order dated 31/12/2024 passed by the ld. CIT(A) – 51, Mumbai on following grounds:-

Grounds of appeal in r/o ITA No. 6992/Mum/2024:

“1. “ Whether on the facts and circumstances of the case and in law,

Ld. CIT(A) has erred in restricting the addition to 6% as against the 100%

addition of Rs. 6,66,602/- made by the AO on account alleged bogus purchases from M/s.Mohan Enterprises, a dumm