Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2021 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (5) TMI 197 - HC - Income TaxAddition u/s 68 - addition has been made on account of purported unexplained, unsecured loans - HELD THAT:- AO has not taken into account the explanation and the material placed before him by the petitioner, along with its reply. As noticed above, although, a personal hearing was sought by the petitioner, the same was not granted by the AO. Given these circumstances, we are of the view, that the petitioner has been able to establish, at least at this stage, a prima facie case in its favour. Accordingly, issue notice. Mr. Hossain accepts service on behalf of the respondents/revenue.
|