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2020 (5) TMI 105 - AT - Income TaxDeemed dividend addition u/s. 2(22)(e) - depreciation on temporary structure claimed - As per assessee he submitted that the details placed before the paper book were not examined by the lower authorities - HELD THAT- Assessee has not furnished the relevant material before the lower authorities for due examination. These issues require a fresh examination and hence set aside the orders of the lower authorities for a fresh examination. The assessee shall lay relevant materials in support of its contention before the AO and comply with the requirements of the AO in accordance with law. AO is free to conduct appropriate enquiry as deemed fit, but he shall furnish adequate opportunity to the assessee on the material etc to be used against it and decide the matter in accordance with law. Assessee’s appeal is partly allowed for statistical purposes.
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