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2017 (6) TMI 1339 - ITAT CHENNAIAssessment of income - purchase of the assessee has been treated/added as unaccounted expenditure, and also total turnover of the assessee as unaccounted profits - Assessee argued that the AO while completing the assessment giving effect to the order of the Tribunal had not provided adequate opportunity to the assessee - HELD THAT:- The fact that the total income of the assessee for the AYs 2000-01 to 2006-07 has come down from ₹ 125 Cr. to ₹ 18.5 Cr. on the basis of the mere evidences which have been produced before the AO itself given ground to grant the assessee one more opportunity to produce further evidences, if any, before the AO. .CIT(A) has dismissed the assessee’s appeals on the basis of the letter filed by the assessee dated 11.06.2014, reading of which clearly shows the frustration of the assessee on account of his ill-health and predicament also gives reason that the issues in the appeal must be restored to the file of the AO. Not only this, the fact that the total purchase of the assessee has been treated/added as unaccounted expenditure, and also total turnover of the assessee as unaccounted profits – a practical impossibility, which would need readjudication. This being so, the fact that the Ld.AR of the assessee has admitted that he has been able to compile all the details in respect of the additions made in the assessment and that he would be in a position to explain all the additions, in the interest of natural justice, the issues in this appeal are restored to the file of the AO for re-adjudication after granting the assessee adequate opportunity to substantiate his case. Appeals filed by the assessee allowed for statistical purposes.
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