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2014 (2) TMI 611 - AT - Income TaxAddition made u/s 68 of the Act – Unproved sale of car – Held that:- The decision in RANBAXY LABORATORIES LIMITED vs. COMMISSIONER OF INCOME TAX [2011 (6) TMI 4 - DELHI HIGH COURT] followed - no addition could be made in re-assessment if no additions in respect of the grounds on which the proceedings u/s 147 were initiated has been made by the AO - the complete material not being and none having represented the assessee in the appeal proceedings the matter remitted back to the AO - The assessee shall also be at liberty to produce any other evidence to prove sale of car by him to Shri Bhasin – Decided in favour of Assessee.
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