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2016 (10) TMI 1189 - ITAT JAIPUREstimation of income on account of bogus/unverifiable purchases - rectification of mistake - Held that:- Only issue involved in the assessment proceedings related to rejection of books of accounts on account of unverified purchases and estimation of appropriate gross profit rate thereon. The AO had applied 25% gross profit rate on unverified purchases which has been confirmed by the ld. CIT(A) which was the subject matter of appeal before the Coordinate Bench wherein set aside the issue relating to estimation of profits and restored the matter back to the file of the AO to decide the same afresh after the judgement of Hon’ble Rajasthan High Court in the case of Anuj Kumar Varshney & Others vs. ITO (2015 (4) TMI 533 - ITAT JAIPUR) is delivered. From the perusal of records, it is also noted that the provisions of Section 153(2A) of the Act were not brought to the notice of the Coordinate Bench. We accordingly recall the order passed by the Coordinate Bench and direct the Registry to fix the matter for fresh hearing in due course.
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