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2021 (8) TMI 684 - AT - Income TaxAddition u/s 68 - unsecured loans borrowed by the appellant company - assessee submitted that proper time was not given by AO to supply the requisite details - HELD THAT:- We note that very short time was granted by the Assessing Officer to the assessee to make the submission in connection with the loans. It is also the plea of learned Counsel of the assessee that certain crucial submissions were made before learned CIT(A), who has not considered the same. The assessee has also requested to admit additional evidence in connection with the loan creditors financials which were not before the Assessing Officer. CIT(A) also on the issue of opening balance of loan has remanded the matter to the Assessing Officer to make factual verification. Hence we deem it appropriate to remit the entire matter to the Assessing Officer. We make it clear that we have not considered the issue on merits in any manner whatsoever. Appeals are allowed for statistical purposes.
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