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2015 (10) TMI 918 - AT - Income TaxUnexplained credit in the bank account - addition under section 68 - whether assessment framed under section 143(3) is contrary to the provisions of section 143(2)(ii)? - Held that:- Instruction No. 9 of 2004 dated September 20, 2004, was applicable in the present case, in view of the specific stipulation in the circular that 'for returns filed during the current financial year 2004-05, the selection of cases for scrutiny will have to be completed within three months of the date of filing the returns' and considering that the return had admittedly, been filed by the assessee on October 29, 2004, i.e., during the current financial year 2004-05. The selection for scrutiny of the assessee's case and completion of the assessment was not valid - Decided in favour of assessee.
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