2020 (10) TMI 449

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..... ER PER MADHUMITA ROY, JM The instant appeal at the instance of the assessee is directed against the order dated 08.08.2019 passed by the Ld. CIT(A)- 5, Kolkata arising out of the order dated 25.03.2015 passed by the ITO Ward 14(3), Kolkata u/s 143(3) of the Income Tax Act, 1961 (hereinafter referred to as 'the Act') for A.Y. 2012-13. 2. During the course of assessment proceedings, it was found .....

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..... ys for a direction for setting aside the issue to the file of the Ld. AO to re-adjudicate the issue upon considering the presence of the directors and the further records to be made available before him, if required. 4. On the other hand, the Ld. DR appearing for the Revenue submitted that the assessee has not been able to give any satisfactory compliance on the part of the concerned share subscr .....

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..... herefore, taking into consideration the entire aspect of the matter, the undertaking given by the Ld. AR for producing the director of the investing companies before the Revenue and particularly upon considering the judgment relied upon, respectfully relying upon the same, find it fit and proper to restore the issue to the file of the Ld. Assessing Officer for deciding the same afresh upon giving .....

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