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2018 (11) TMI 326 - AT - Income TaxAddition of cessation of liabilities u/s 41(1) - admission of additional evidence - Held that:- Additional grounds need to be admitted and sent back to the file of the AO for verification. It is true that by agreeing to the addition during the course of assessment proceedings, the assessee has prevented the AO from further inquiries on the issue. However, since the assessee has challenged the admission in the written submissions filed before the CIT (A), the CIT (A) ought to have considered the admissibility or otherwise of such grounds and if the grounds are admitted, then the allowability of such grounds. On the basis of material on record, we deem it fit and proper to remand the same to the file of the AO for reconsideration in accordance with law.
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