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2015 (12) TMI 23 - AT - Income TaxAddition towards sale proceeds and undisclosed investment - Held that:- Assessing Officer in assessment order did not mention any statement given by the parties who have given cash to the assessee neither there is any reference related to lease deed and revenue records and its extracts in the assessment order. Therefore, the crucial evidence and the statement of the parties should have been taken into consideration while passing the assessment order by the Assessing Officer. The Ld. CIT (A) also fails to look into these crucial aspects while dismissing the appeal of the assessee. This needs to be looked into by the Assessing Officer. Therefore, the matter is remanded back to the Assessing Officer. - Decided in favour of assessee for statistical purposes.
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