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2011 (10) TMI 608 - ITAT AHMEDABADCash credit - Held that:- As regards cash credits, the substantial issue is already restored to the file of the AO to verify the debit balance and for other two creditors the assessee did not get any proper opportunity of hearing in the matter. The assessment order is framed in the name of the Official Liquidator and despite this point was raised before the learned CIT(A), the claim of the assessee was not properly adjudicated. Considering the history of the assessee undergoing in litigations and further that the assessee has later on revived from winding up and further that assessment order was framed in the name of the Official Liquidator would prove that the assessee did not get fair opportunity of being heard in the matter. Considering Tribunal for assessment year 2000-01 dated 15-10-2010 we set aside the orders of the authorities below and restore all the grounds of appeal to the file of the AO for reconsideration of the issue. The AO shall give reasonable sufficient opportunity of being heard to the assessee.
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