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2017 (9) TMI 42 - DELHI HIGH COURTRejection of books of accounts - Enhancement of G.P. Ratio to 2% - Remanding the matter to AO for summoning and cross-examining Mr Garg - Re-adjudicating the matter afresh by ITAT - Held that:- Remanding the matter to the AO for the purpose of examining the above firms once again, when all details are already available on record, would not serve any useful purpose. The end result is that the ITAT has not examined the issues raised before it on merits and instead remanded the matter to the AO which, in the opinion of the Court, would interminably delay the matter.For the aforementioned reasons, the Court is of the view that the matter ought to have been considered by the ITAT itself particularly when all the relevant details were available with the AO. Accordingly, the question framed by the Court is answered in the negative, i.e., in favour of the Assessee and against the Revenue.
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