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2014 (5) TMI 312 - AT - Income TaxVarious additions made – Proper facts not appreciated – Held that:- Assessee contended that the AO made various uncalled for and unjustified additions - assessee derives income from trading of bags etc. and declared the turnover of Rs.1.33 crores on which gross profit of Rs.10,12,007/- and net income of Rs.1,21,650/- was declared - after considering the submissions of both the sides and perusing the material placed – also, considering the facts of the case and arguments of both the sides, the matter is required to be remitted back – thus, the matter is remitted back to the AO for fresh adjudication – AO is directed to allow adequate opportunity of being heard to the assessee - the assessee is directed to produce the books of account before the AO and also furnish necessary evidences/explanation before him – Decided in favour of Assessee.
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