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2021 (1) TMI 950 - AT - Income TaxRejection of books of accounts - NP determination - adoption of N.P. at 8% by the Assessing Officer - HELD THAT:- CIT(A) has reproduced the submissions of the assessee in Para 3 of the impugned however, the contentions as raised by the assessee in the written submission regarding the rejection of books of account, adoption of N.P. at 8% by the AO, without considering the past history of the assessee own case as well as comparable cases and the additions made on account of loan and advances and cash in hand have not been properly analyzed and discussed by the ld. CIT(A). Accordingly, in the facts and circumstances of the case, the impugned order of ld. CIT(A) is set aside and the matter is remanded to the record of the ld. CIT(A) for deciding the same afresh after giving one more opportunity of hearing to the assessee as well as to produce the books of account and other supporting evidence. Appeal of the assessee is allowed for statistical purposes.
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