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2012 (7) TMI 774 - MADRAS HIGH COURTAddition under Section 69 of the Income Tax Act - unexplained investments in shares – alleged that assessees had not explained the nature and source of acquisition for the purchase of shares - grievance of the assessees herein is that without giving any adequate opportunity to explain the nature of holding of the shares arising under a family arrangement, the assessment had been held against the assessees – Held that:- Present assessees before this Court are parties to the family arrangement, based on which the other assessees' case stood remanded back to the Assessing Officer for de novo consideration, in fitness of things, the proper course herein would be to set aside the orders of the Tribunal in these appeals also and remand the matter back to the Assessing Authority to consider the claim of the assessees along with the claim of the other assessees – matter remanded
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