Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2016 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (9) TMI 1207 - AT - Income TaxAssessment of income - allegation of tax evasion - income from undisclosed sources - nature of amount of loan given earlier years and adjusted with property - Held that:- We find nothing has been brought on record to show how the entire amount can be added in the year under consideration. Accordingly, after hearing both the sides and finding that the prayer for remand was justified it was considered appropriate to set aside the impugned order and restore the issue back to the AO directing him to address the issues de-novo and pass a speaking order in accordance with law after giving the assessee a reasonable opportunity of being heard. Appeal of the assessee is allowed for statistical purposes.
|