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2018 (1) TMI 663 - AT - Income TaxExemption u/s. 11 and 12 eligibility - Held that:- We find that a number of opportunities were given to the assessee to explain and furnish necessary information for completing the assessment, but the assessee continued to take adjournments and also on certain occasions avoided to attend the proceedings. The order passed by the Assessing Officer narrates various instances on which the assessee was required to attend the proceedings, but he did not attend the same. AO had specifically asked for furnishing all information regarding particulars or nature of services provided and professional receipts shown at ₹ 96,00,000/- but the assessee did not file the same. The ld. CIT(A), relying on certain case laws and without commenting upon the observations of the Assessing Officer, has allowed relief to the assessee. Therefore, we deem it proper to remit the issue back to the file of ld. CIT(A) with the direction to pass a speaking and reasoned order after meeting out the observations made by the Assessing Officer. - Decided in favour of revenue for statistical purposes.
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