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2014 (5) TMI 547 - AT - Income TaxInvocation of section 145(3) of the Act - Disallowance of interest expenses - Addition made u/s 68 of the Act – Unexplained cash credits – Held that:- There is no clarity on facts relating to the details of the additions made in the substantive assessment either of the assessee or of others, if any - it is an undisputed fact that the assessment is a protective assessment- In the remand proceedings, AO shall examine all the above contentions of the assessee and examine afresh the applicability of the provisions of section 145(3) and consequent best judgment assessment, if any - So far as the additional grounds are concerned, it would be required to be remitted back to the AO for fresh adjudication – Decided in favour of Assessee.
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