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2014 (2) TMI 88 - ITAT AHMEDABADAddition made u/s 68 of the Act – Unexplained cash credits – Onus to prove – Violation made 69 of the Act - Admission of additional evidences – Held that:- The AO clarified that most of the details called for had not been filed by the assessee and in spite of repeated opportunities granted to the assessee as mentioned in the assessment order - The CIT(A) had not given any opportunity or sought any remand report from the A.O. and without affording any opportunity to the A.O. he had allowed the appeal - It is evident from the copy of letters that the appellant had not furnished any confirmation before the AO Further, if any, loan is received from the banking channel, in absence of confirmation, the creditworthiness of the depositors cannot be ascertained - The Counsel from both the sides fairly accepted that the matter may be set aside to the CIT(A) for de novo – the order fo the CIT(A) set aside – Decided in favour of Revenue.
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