Addition to Income on the basis of mere presumption, not sustainable

IN THE ITAT MUMBAI BENCH ‘L’ S.H.A.M.K. International (P.) Ltd. versus Income-tax Officer 9(3)(1), Mumbai IT Appeal Nos. 6756 to 6758 (Mum.) of 2008 & 407 (Mum.) of 2009 [Assessment years 2000-01 to 2002-03 & 2005-06] August 10, 2012 ORDER I.P. Bansal, Judicial Member All these appeals are filed by the assessee and they are directed against three separate orders passed by Ld. CIT(A),Cen-1, Mumbai dated 29/9/2008 for assessment years 2000-01, 2001-02 & 2002-03 and another order dated 29/11/2008 for assessment year 2005-06. Grounds of appeal in all these...