Section 153A: On-Money Profit @15% Sustained, TP Addition Deleted, Bogus Purchase Confirmed

DCIT Vs Ekta Everglade Homes Pvt. Ltd. (ITAT Mumbai) Search Assessments- ITAT Mumbai Partly Upholds CIT(A); On-Money Profit @15% Sustained, TP Addition Deleted, Bogus Purchase Adjustment Confirmed  In this large group litigation covering AYs 2013-14 to 2016-17, Revenue filed four appeals & Assessee filed four cross-objections against the consolidated order of CIT(A)-56, Mumbai, arising out of search assessments framed u/s 153A r.w.s. 143(3)/144C(3). All matters were heard together by Tribunal. Assessee first raised a jurisdictional objection that DCIT had no pecuniary jurisdiction to c...