Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2022 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2022 (9) TMI 812 - AT - Income TaxUnexplained cash credits u/s. 68 - As assessee failed to prove that the credits in the bank accounts was nothing but the cash received as advance for purchase of flats from the buyers - HELD THAT:- Assessee filed written submissions before the Ld. CIT(A), but the Ld. CIT(A) without considering the written submissions erroneously dismissed the assessee's appeal. Therefore, he pleaded for one more opportunity of being heard before the CIT(A). Considering the facts and circumstances of the case and in order to meet the principles of natural justice, we remit the matter back to the file of the Ld. CIT(A) for fresh adjudication after giving opportunity of being heard to the assessee. The assessee is also directed to comply with the notices and directions of the revenue authorities. Appeal of the assessee is allowed for statistical purpose.
|