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2021 (7) TMI 1004 - ITAT HYDERABADInitiation of Section 158BC proceedings - entries made in assessee’s regular books of account could be made - HELD THAT:- We notice in this factual backdrop that the foregoing issue is no more resjudicata. It is not in dispute that the impugned search had also covered the case of assessee’s family/member Shri Kuldip Singh Bagga. This tribunal’s coordinate bench’s earlier order dt.14-10-2011 for the very block period and search had held that the credits in issue cannot be gone into in block assessment proceedings as the same would only form subject matter of regular assessment proceedings. Unexplained cash credit - HELD THAT:- Since the Assessing Officer’s remand report dt.02-05-2018 itself verified that assessee’s credits which are recorded in already maintained books of account which could form subject matter of regular and not block assessments as per hon'ble jurisdictional high court’s decision in the very group of cases - Revenue cannot be treated as an aggrieved party when the Assessing Officer’s remand report agrees with an assessee’s contentions.
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