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2009 (6) TMI 45 - HC - Income TaxTreatment of expenditures as undisclosed income – Held that Assessing Officer should have made an endeavor to segregate the items of expenditure under separate heads and only those items which were found to be unconnected with the business of the assessee or were in respect of persons not connected with the assessee which could have legitimately formed the basis of an addition to the undisclosed income. As the Assessing Officer had failed to so act, we are of the view that the learned Tribunal should have remitted the matter to the Assessing Officer for a de novo consideration. – Matter remitted to AO by setting aside the order of ITAT.
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