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2017 (8) TMI 1063 - AT - Income TaxAddition on account of low gross profit - CIT(A) deleted the additions - Held that:- Since, It is on record that the assessee filed part details as sought by the AO only at the fag end when the assessment was getting time barred thereby preventing any meaningful enquiry and examination by the AO and the AO made adhoc estimation of the addition to the total income of the assessee on account of low GP, this is an open remand so far as this issue is concerned and the AO shall be entitled to make additions, if so warranted after considering the evidences and explanations filed by the assessee uninhibited by the earlier adhoc addition on account of low GP made in original assessment proceedings u/s 143(3) r.w.s. 143(2) of the 1961 Act. - Matter remanded back.
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