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2010 (3) TMI 704 - UTTARAKHAND HIGH COURTBad debts - irrecoverable - AO disallowed the claim of bad debts - CIT(A) allowed the claim - ITAT set aside the order of CIT(A) and restored the matter before AO - Power of the tribunal to remand the matter - Held that: - We are satisfied that the Income Tax Appellate Tribunal having been satisfied, that there was no sufficient material, documentary or otherwise, to support the conclusion recorded by the Assessing Officer, as also on the basis of the further report sought by the Commissioner of Income Tax (Appeals), relevant part whereof has been extracted in paragraph 13 of the order passed by the Income Tax Appellate Tribunal, there was no other alternative with the Income Tax Appellate Tribunal but to remand the matter for adjudication to the Assessing Officer with the clear direction that the issue should be re-determined keeping in mind the satisfaction of the statutory conditions. - Assessee's appeal dismissed.
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