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2021 (5) TMI 454 - HC - Income TaxAddition u/s 68 - ITAT deleted the addition - HELD THAT:- Tribunal has permitted the assessee to adduce additional evidence along with details of 483 customers pertaining to the advances received along with PAN numbers of 182 customers. The Tribunal has also considered that the developments which have taken post facto institution of the appeal filed in the year 2012 were placed on record by the assessee to show that total 75 customers were stated to be the cases wherein the amount is refunded due to cancellation of plot registration and sale deeds were executed on 31.3.2016 with regard to 21 members who had made advances to the assessee. The Tribunal considering such additional documents on record, remitted the issue back to the Assessing Officer for conducting necessary verification as per law and confirmed the remaining addition wherein the assessee was not able to rebut the findings of the Assessing Officer as confirmed by the CIT(Appeals). Tribunal has therefore, after considering the materials on record, remitted the matter back to the Assessing Officer for verification of the documents produced before the Tribunal so that correct amount liable to tax can be worked out. - Decided against revenue.
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