Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2017 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (8) TMI 28 - ITAT DELHIUnexplained cash credit u/s 68 - chargeability of agricultural income - Held that:- When the genuineness of the transaction with respect to agricultural income is raised and further they are newspaper reports as well as subsequent assessment orders where the agricultural income of the assessee has been established and accepted emphatically by revenue these orders do have relevance on the issue. In view of this as assessee is prevented by sufficient cause to produce these evidence before the lower authorities we accordingly admit them and accordingly remit the issue back to the file ld Assessing Officer to decide in accordance with the law along with the additional ground. In view of our decision on admission of additional evidences and additional ground raised by the appellant and further as all the grounds of appeal of the assessee are related to chargeability of agricultural income, we deem it fit and proper and in the interest of justice to set aside the all the grounds of appeal including additional ground to the file of the ld AO with a direction to reexamine the whole issues in view of additional evidence and after granting proper opportunity of hearing to the assessee. Appeal of the assessee is allowed for statistical purposes.
|