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2014 (3) TMI 644 - AT - Income TaxDeduction u/s 201(1) of the Act - Levy of interest u/s 201(1A) of the Act – Proper verification of documents not made – Held that The Revenue rightly contended that CIT(A) has erred in just considering that the books of accounts, vouchers and bills which was produced before the regular A.O. of the Co. Circle to delete the demand without properly appreciating the facts of the case, the material on record as contained in the order, passed by the A.O. and without examining the books of accounts, which were not produced before the A.O., while creating demand u/s 201(1) and interest u/s 201(1A) of the I. T. Act, 1961 for all the four years. Certain discrepancies were there in the order of the AO and also in the order of CIT(A), who has just relied upon the books of accounts produced before the AO in regular assessment of the assessee without either calling for the books of accounts and examining them himself - there are serious infirmities and flaws in both the orders – the order set aside and the matter remitted back to the AO for readjudication – Decided in favour of Revenue.
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