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2019 (12) TMI 691 - AT - Income TaxAddition u/s 68 - Unexplained cash credit - HELD THAT:- We consider it fair and proper and in the interest of justice to give one more opportunity to the assessee-company to explain the relevant cash credit representing share capital and share premium amount in terms of section 68 by producing the concerned share subscribers along with the relevant documentary evidence for verification before the AO. D.R. has not raised any objection for sending the matter back to the Assessing Officer for verification. The impugned order passed by the CIT(Appeals) on this issue is accordingly set aside and the matter is restored to the file of the AO for deciding the same afresh after giving proper and sufficient opportunity to the assessee to support and substantiate its case by producing the concerned share subscribers along with the relevant documentary evidence for verification. Appeal of the assessee is treated as allowed for statistical purposes.
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