Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2020 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (3) TMI 1439 - ITAT RANCHIAddition of sundry credits - reliance on amount reflected in the balance-sheet - as per Revenue’s case that since the assessee had sought umpteen opportunities before AO and also did not appear before the CIT(A), the impugned addition has rightly been made going by the original balance-sheet reflecting the amount in the balance-sheet - As argued assessee’s corrected balance-sheet filed before the Assessing Officer has not even been considered in either of the lower proceedings - HELD THAT:- We deem it appropriate that larger interest of justice would be met in case the Assessing Officer re-examines the entire issue afresh going by the corresponding details in both of the above stated balance-sheets. Assessee has undertaken to place on record all necessary details in the consequential proceedings at assessee’s own risk and responsibility. The assessee is therefore directed to appear before the Assessing Officer alongwith a copy of the instant order - Decided in favour of assessee for statistical purposes therefore. Assessee’s appeal is allowed for statistical purposes.
|