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2021 (4) TMI 39 - AT - Income TaxUnsecured loans considered as unexplained cash credit u/s. 68 - CIT-A restricted part addition - HELD THAT:- CIT(A) has granted substantial relief to the assessee. However, the assessee is contesting the same. Despite conceding before the ld. CIT(A) with respect to some of the loans remaining unconfirmed, the assessee has raised an appeal. Moreover, despite noting that the A.O. has observed that the additional evidence should not be admitted, the ld. CIT(A) has held that the A.O. in his remand report seems to have accepted the other loan creditors. Hence, we find that this is obvious contradiction in CIT(A)'s observation. Hence, in the interest of justice, we set aside the issue to the file of A.O. for consideration anew. Assessee's appeal is allowed for statistical purposes.
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