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2019 (1) TMI 792 - AT - Income TaxAddition u/s 68 - nature and source of cash deposits in the bank accounts - Held that:- Considering the submission of AR that given an opportunity assessee will be able to prove the nature and source of cash deposits in the bank accounts coupled with the fact that assessee’s appeal was decided ex parte, we are inclined to restore the issues to the file of the Commissioner (Appeals) for de-novo adjudication of all the issues raised in the appeal after due opportunity of being heard to the assessee. We direct the assessee to respond to the notice of hearing to be issued by the learned Commissioner (Appeals) and represent its case properly on the date of hearing to be fixed by learned Commissioner (Appeals). In the event of any further default by the assessee to appear and represent its case properly, learned Commissioner (Appeals) is at liberty to decide the appeal on its own merits on the basis of materials available on record and in accordance with law. - Assessee’s appeal is allowed for statistical purposes.
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