Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (10) TMI 1422 - AT - Income TaxEstimation of the income @ 4% of turnover - CIT(A) confirmed estimate of the income without rejecting the books of account - Held that:- It is undisputed fact that the order of the learned CIT(A) is deficient on the issues relating to the rejection of the books of account. Insofar as the adopting the flat rate of 4% of the total receipts as income of the assessee is concerned, there is no justification and the orders of the learned CIT(A) / Assessing Officer have not provided any basis to support the same. In our considered opinion, there is a need to remand all the issues to the file of the Assessing Officer for want of issue based adjudication of all the grounds by passing a speaking order. Accordingly, we set aside the impugned order passed by the learned CIT(A) and restore all the grounds raised by the assessee to the file of the Assessing Officer for denovo adjudication. Decided in favour of assessee for statistical purposes.
|