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2016 (11) TMI 892 - PUNJAB & HARYANA HIGH COURT

2016 (11) TMI 892 - PUNJAB & HARYANA HIGH COURT - TMI - Unexplained income - Held that:- Certain notings in hand. The appellant contends that one of the entries therein in the sum of ₹ 96 lacs remained to be explained and that the amount was therefore, rightly added to the assessee's income. The CIT(Appeals) upheld the assessment order. The Tribunal, however, found that certain other documents especially a balance-sheet of 31.03.2005 ought to be considered and a fresh order ought to be pas .....

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0-11-2016 - S. J. Vazifdar, CJ And Deepak Sibal, JJ. Mr. Rajesh Katoch, Advocate, for the appellant ORDER S. J. Vazifdar, Chief Justice ( Oral ) This is an appeal against the order of the Income Tax Appellate Tribunal remanding the matter to the Assessing Officer to decide some of issues afresh in respect of the Assessment Year 2007-08. 2. At a search conducted in the assessee's premises a document was found which contained certain notings in hand. The appellant contends that one of the entr .....

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3. There is no ground for interfering with the discretion exercised by the Tribunal in remanding the matter. The impugned order rightly notes that the balance-sheet would be a relevant consideration and therefore, ought taken into account while considering the assessee's explanation for the said entry. 4. The appellant, however, is aggrieved by the directions issued by the Tribunal to the Assessing Officer. The apprehension is not wellfounded. 5. The Tribunal has merely directed the Assessi .....

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