Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (7) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (7) TMI 405 - AT - Income TaxRevision u/s 263 - CIT-IV setting aside the assessment for the A.Y 2006-07 and directing the AO to redo the same - whether CIT-IV ought to have noted that the fact of execution of agreement of sale and receipt of advance for sale of land, the subsequent cancellation of the Agreement of Sale and refund of the monies stands fully proved beyond any doubt - tribunal directed the Assessing Officer to carry out the direction given by the CIT and pass consequential order in accordance with law, if it is not already passed - Held that:- From the reading of the grounds of appeal, we are of the opinion that para 31 of the order dated 18.05.2012 is not required for disposal of appeal before the Tribunal. In these circumstances, we are of the opinion that the entire para 31 of the Tribunal’s order be deleted and the Tribunal order shall end with Para No.30 and Para No.31 shall be read as follows: “31. In the result appeal of the assessee is dismissed”.
|