Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2018 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (2) TMI 1204 - AT - Income TaxRevision u/s 263 - addition towards share capital and share premium u/s 68 - Held that:- Admittedly, the assessee had not appeared before the Ld. CIT despite repeated opportunities. From the Affidavit filed by the Ld. AR before us, we find that the assessee had been dependent on one Chartered Accountant who has been given the brief to handle the income tax affairs before the Ld. CIT and who in turn had not represented the assessee before the CIT and that the assessee was totally in dark with regard to subject mentioned proceedings and it came to the knowledge of the assessee only on receipt of the order of the Ld. CIT u/s 263. We find the reasoning given in the Affidavit is understandable and deserved to be appreciated and hence we deem it fit and appropriate in these facts and circumstances, in the interest of justice and fair play, to remand the order of Ld. CIT to the file of the Ld. CIT for de novo adjudication - Decided in favour of assessee for statistical purposes.
|