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2019 (2) TMI 1262 - AT - Income TaxUnexplained cash credits u/s 68 - unexplained share capital / premium - HELD THAT:- Mr. Tiwari is fair enough in not disputing all the intervening developments during the course of hearing. More particularly the clinching fact that sec. 131 process issued to the investors entities stood unresponded during scrutiny. We adopt the above detailed reasoning mutatis mutandis in this factual backdrop to restore the instant sole substantive issue back to Assessing Officer for factual verification as per law after affording adequate opportunity of hearing to the taxpayer. - Decided in favour of revenue for statistical purposes.
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