DRP entitled to enhance by questioning very existence of transaction

ITAT MUMBAI BENCHES “K” Before Shri R.S.Syal, AM and Shri Vijay Pal Rao, JM ITA No. 7982/Mum/2011: Asst. Year 2007-2008 M/s.Hamon Shriram Cottrell Pvt.Ltd. versus The Income Tax Officer Date of Pronouncement: 19.04.2013    ORDER Per R.S.Syal ( AM) : This appeal by the assessee is directed against the order dated 26.09.2011 passed by the Assessing Officer u/s 143(3) read with section 144C(13) of the Income-tax Act, 1961 (hereinafter called the Act) in relation to the assessment year 2007-2008. 2. Briefly stated the facts of the case are that the assessee is a part o...