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2017 (4) TMI 1593 - AT - Income TaxAssessment u/s 153A - Bogus purchases - D.R submitted that the orders passed by the AO in the hands of Shri Atul Sanghavi and Shri Dilip Shah has been revised by the Ld CIT and the additions have been made in their hands on protective basis - HELD THAT:- We are of the view that all the additions made by the AO require re-examination at the end of Ld CIT(A) in the light of subsequent developments that happened in the assessments of two brokers and the other parties. Accordingly we set aside the common order passed by Ld CIT(A) and restore all the matters to his file for considering them afresh by duly considering the relevant facts and subsequent developments. Appeals of the revenue and the assessee are treated as allowed for statistical purposes.
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