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2012 (6) TMI 11 - HC - Income TaxLegality of remit order passed by Tribunal - addition of share application money u/s 68 - assessee contended that Tribunal had sufficient material to to decide the question of addition and there was no necessity for remitting the matter before the Assessing Officer - Held that:- Tribunal noticed that identity of the share holders has not been established in order to ascertain the genuineness of transactions and it being satisfied that matter needs further inquiry and decision afresh, has chosen to remand the matter to the Assessing Officer. Issues have not been closed by the Tribunal nor any of the grounds raised by the appellant has been finally determined, petitioner has still opportunity to prove his claim as is sought to be raised in the present appeal. No substantial question of law arises for consideration - Appeal dismissed.
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