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2014 (12) TMI 1211 - HC - Income TaxGenuity of gifts - whether ITAT was right in law in directing the A.O. to reconsider the genuineness of the gifts when the addition made by treating the gift as not genuine is justified? - Held that:- Counsel for the parties are ad-idem that as the Tribunal has based its opinion on an earlier order which has been set-aside, it would be necessary for the Tribunal to adjudicate the appeal filed by the assessee afresh and in accordance with law. In view of the consensus between counsel for the parties, the appeals are allowed. The order passed by the ITAT is set-aside and the Tribunal is directed to decide the appeals afresh and in accordance with law within six months from the date of receipt of a certified copy of this order.
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