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2021 (7) TMI 683 - AT - Income TaxAddition u/s 68 - security deposit - HELD THAT:- AR as well as DR and perusal of orders of the authorities below it is noted that neither Assessing Officer nor the CIT(A) has tried to verify this fact whether security deposit shown from one Shri Raj Bahadur is actual pertains to the financial year 1995-96 or not. If the said deposit is old one and there is no fresh deposit during the year under consideration then this issue does not arise for the year under consideration. Since the authorities below have not verified this fact and the identical issue is pending adjudication before the CIT(A) for the A.Y. 1992-93 to 1998-99 therefore, this issue is also set aside to the record of the CIT(A) of fresh adjudication after giving an opportunity of hearing to the assessee and conducting a proper enquiry regarding the fact whether it pertains to the financial year 1995-96 or not. CIT(A) is directed to adjudicate the matter within the period of 90 days’ from receipt of this order. - Appeal filed by the assessee is allowed for statistical purposes.
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