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2019 (4) TMI 1099 - ITAT KOLKATAAddition u/s 68 towards share capital and share premium - notices issued u/s 133(6) by the AO were duly served on 12 subscribing companies - HELD THAT:- AR fairly stated that the various evidences submitted by the assessee as detailed supra were not even considered by the AO as the assessment was made with a pre-determined mindset that the share capital and premium received by the assessee was not genuine. Hence he prayed for setting aside of this issue to the file of AO, which was also agreed by the DR. Hence in these peculiar facts and circumstances, we deem it fit and appropriate, in the interest of justice and fairplay, to remand this issue to the file of AO for denovo adjudication and decide the same in accordance with law uninfluenced by earlier decision taken in this regard. Grounds raised by the revenue are allowed for statistical purposes.
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