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2014 (2) TMI 308 - AT - Income TaxDemand u/s 201(1) and interest u/s 201(1A) - Held that:- Voluminous details were submitted by assessee and referred to the first remand report and second remand report to submit that A.O. states that entire information has been furnished in the assessment proceedings itself - The A.O. did not conduct a detailed examination - AO should examine necessary accounts furnished by the assessee along with nature of payment - He has to give a finding whether any payment is required to be subjected to tax as per the provisions of I.T. Act and if there is any default to quantify after due examination - The issue has been restored for fresh adjudication.
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