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2014 (8) TMI 951 - ITAT DELHIDetermination of net profit rate - Rejection of books of account - Held that:- There is considerable cogency in the submissions of the assessee that the same AO has estimated the household expenses without any basis and also not following the estimation following in the asstt. year 2008-09 and also Ld. CIT(A) has not considered the same. In view of the above, we are of the opinion that in the interest of justice, the matter needs to be considered in detail by the AO and assessee may be given one more opportunity to canvass his case to substantiate the claim before the AO, after producing relevant books of accounts and other documents, if any, to enable him to decide the issue afresh. - Matter remanded back - Decided in favour of assessee.
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