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2014 (7) TMI 1124 - HC - Income TaxBlock assessments - Tribunal deleted the addition on unaccounted cash credit made in block assessment - Held that:- In the instant case, the Tribunal recorded a categorical finding to the effect that all the items of cash credits alleged against the respondents were reflected in the books of account referable to the concerned assessment years. That being the case, the very justification for making the block assessment and thereby the passing of assessment order becomes shaky. The Tribunal has taken a correct view in the matter and based its conclusions on the relevant precedents. Therefore, we do not find any basis to interfere with the order under appeal. - Decided against revenue.
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