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2018 (3) TMI 77 - AT - Income TaxEstimation of income on account of bogus/unverifiable purchases - matter set aside to the file of the AO to decide the same afresh - Tribunal has set aside the assessment to decide the issue of estimation of income to the file of the AO for fresh assessment after the judgment is delivered in the case of Anuj Kumar Varshney and others [2015 (4) TMI 533 - ITAT JAIPUR] - Decision in the case of Anuj Kumar Varshney was challenged before the HC and still pending - Held that:- From the perusal of material available on record, it is noted that the issue involved in the assessment proceedings related to unverified purchases amounting to ₹ 59,88,350. The Co-ordinate Bench vide its order has set aside the matter to the file of the AO to decide the same afresh after the judgement in the case of Anuj Kumar Varshney & Others vs. ITO (Supra) is delivered. From the perusal of records, it is also noted that the provisions of Section 153(2A) of the Act were not brought to the notice of the Coordinate Bench. We accordingly recall the order passed by the Coordinate Bench dated 7.4.2016 and direct the Registry to fix the matter for fresh hearing in due course.
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