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2017 (5) TMI 1413 - ITAT MUMBAIAddition of deemed dividend to the extent of reserves and surplus u/s 2(22)(e) - Held that:- We find that the accounts / documents stated by the Ld. Counsel of the assessee have not been looked into by the AO. The said documents have been cursorily examined by the Ld. CIT(A). These accounts/ documents have a definite bearing on the facts in the instant case. In view of the above, the order of Ld. CIT(A) is set aside and the same is restored to the file of the AO to make an assessment as per the provisions of the Act after giving reasonable opportunity of being heard to the assessee. The assessee is directed to file the details before the AO. Appeal of assessee allowed for statistical purposes.
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