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Remit the matter back to the file of Ld. AO for de-novo consideration.

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Sec. 68 & 80C of Income Tax Act, 1961 – Deduction – The assessee carrying on tent house business, filed his return of income for the A.Y. 2014-15 admitting an income of Rs. 2,69,700/-. Subsequently, the case was selected for scrutiny and notice u/s 143(2) of the IT Act was issued to the assessee. Thereafter, assessment was completed u/s. 143(3) of the Act wherein the AO disallowed the claim u/s.80C of the Act for Rs. 75,840/- and further made addition u/s. 68 towards unexplained cash deposited in the SB Account amounting to Rs. 25,33,624/-. CIT(A) confirmed the order of AO. ITAT considering the financial strain of the assessee and the nature of additions made, remitted the matter back to the file of AO for de-novo consideration and directed the assessee and his AR to promptly co-operate before the Revenue Authorities. Appeal allowed for statistical purposes – SANJEEVA REDDY PAGA Vs. ITO [2020] 79 ITR (TRIB) 439 (ITAT-HYDERABAD)