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2019 (3) TMI 801 - AT - Income TaxDisallowance of deduction claimed u/s 80P(2)(d) - interest received from the investment made with other Co–operative Bank qualification for deduction u/s 80P - non–appearance of the assessee before the first appellate authority - HELD THAT:- The cause of non–appearance of the assessee before the first appellate authority, deem it appropriate to restore the issue relating to assessee’s claim of deduction under section 80P(2)(d) to the file of the Commissioner (Appeals) for de novo adjudication. Commissioner (Appeals) must deal with all the submissions to be made by the assessee and the decisions to be cited and decide the issue through a speaking and well reasoned order after due opportunity of being heard to the assessee. Also direct the assessee to respond to the notice of hearing to be issued by the Commissioner (Appeals) and co–operate in finalizing the proceeding by making proper submissions with supporting evidences and case laws. It is made clear, have not expressed any opinion on the merits of the disputed issue. With the aforesaid observations, grounds raised are allowed for statistical purposes.
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