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2018 (10) TMI 1497 - AT - Income TaxAddition u/s 68 - Addition on account of receipt of share application money from N R Vincom Pvt Ltd merely on the ground that Notice sent to share applicant company was returned unserved - no proper enquiry and verification - Held that:- CIT (A) has observed that the failure on the part of the assessee to give the correct address has rendered the entire information submitted as unverifiable. We find that when the assessee has subsequently brought the correct address on record and to the knowledge of the AO as well as the CIT (A), then the verification of the evidence submitted by the assessee could have been done by issuing the notice under section 133(6) at the correct address provided by the assessee. Accordingly we set aside this issue to the record of the AO for conducting a proper enquiry and verification by considering the correct address furnished by the assessee. Appeal of the revenue is dismissed as not maintainable and appeal of the assessee is allowed for statistical purposes.
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