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2018 (10) TMI 1666 - AT - Income TaxReassessment after order u/s 263 - proper opportunity before the AO during reassessment proceedings - AO has received the records on 18.03.2015 and passed the impugned assessment order on 31.03.2015 i.e. within a period of 12 days - saddle the entire share application money as the income of the assessee - HELD THAT: In the light of the Hon’ble Supreme Court’s decision in Tin Box Company [2001 (2) TMI 13 - SUPREME COURT] and Jansampark Advertising & Marketing Pvt. Ltd. [2015 (3) TMI 410 - DELHI HIGH COURT] and the DR accepted that assessee did not get proper opportunity before the AO during reassessment proceedings, we set aside the order of the CIT(A) and remand the matter back to the file of AO for de novo assessment and to decide the matter in accordance to law after giving opportunity of being heard to the assessee. - Appeal of assessee is allowed for statistical purposes.
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