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2015 (9) TMI 692 - AT - Income TaxDisallowance of purchases made by the assessee company - Held that:- We observe that the revenue authorities failed to appreciate the rectification and reconciliation given by the seller M/s Jindal Polyfilms Ltd. regarding revised sale amount of September 2004 in a proper and judicious manner. Thus, we are of the considered opinion that the quantification of amount of purchases of the assessee during F.Y. 2004-05 requires proper and detailed verification and examination at the end of AO and, therefore, the issue is restored to the file of AO with a direction that the AO shall examine and verify the amount of purchases of the assessee emerged from books of accounts, confirmation and bank statement etc., providing opportunity of being heard for the assessee and without being prejudiced with the earlier assessment order and impugned order. Accordingly, sole ground of assessee is deemed to be allowed for statistical purposes.
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