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2021 (10) TMI 211 - AT - Income TaxSundry Credits from Undisclosed sources - details of sundry creditors have not been filed by the assessee as there is an increase in the sundry creditors during the year under assessment - HELD THAT:- When the entire detail was brought on record by the assessee during the first appellate proceedings, though assessee was negligent in appearing before the AO, adequate opportunity of being heard is required to be given to the assessee to decide the issue once for all. Since entire evidence brought on record by the assessee requires initial scrutiny, it would be in the interest of justice to remit this case to the AO. Consequently, this issue is remitted back to the AO to decide afresh after providing adequate opportunity of being heard to the assessee. So, ground is determined in favour of the assessee for statistical purposes. Interest income of the assessee - addition after noticing from 26AS details of Individual Transaction statement of the assessee company which shows that assessee received interest - assessee contended that he has brought on record the entire details viz. P&L account with Form 3CD, audited balance sheet, bank statements, which is evident form assessment order, as well as before the ld. CIT(A), but no cognizance has been taken of the documents - HELD THAT:- Since all these documents are required to be examined by the AO, this issue is also remitted back to the AO to decide afresh after providing adequate opportunity of being heard to the assessee. So, Ground determined in favour of the assessee for statistical purposes.
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