Tribunal remands issues for verification and reconsideration due to lack of evidence examination.

The Tribunal remanded several issues back to the Assessing Officer for further verification and reconsideration due to lack of proper examination of evidence by the CIT (A). The discrepancies in reported income, treatment of expenses, and denials of deductions were addressed, with specific issues being sent back for proper assessment in accordance with the law.

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Issues:
1. Discrepancy in reported receipts between the assessee's return of income and Form 26AS.
2. Treatment of employee contributions to Provident Fund & ESI paid beyond due dates.
3. Disallowance of claimed expenses under "other manufacturing expenses" and "administrative expenses."
4. Denial of deduction u/s 80IC on income from trading unit and other sources.
5. Appeal against the order of the CIT (A) on various grounds.

Analysis:
1. The Assessing Officer (AO) noted a difference in reported receipts by the assessee and Form 26AS, treating the variance as unreported turnover. The assessee provided a reconciliation statement, but the AO was not convinced and treated the difference as income. The Tribunal remanded this issue to the AO for verification and reconsideration due to lack of consideration of evidence by the CIT (A).

2. The AO brought to tax employee contributions towards Provident Fund & ESI paid after due dates under section 36(1)(va) of the Income Tax Act. The Tribunal did not address this issue specifically in the judgment.

3. The AO disallowed claimed expenses under "other manufacturing expenses" and "administrative expenses," considering them as not allowable or capital expenditures. The Tribunal did not address this issue specifically in the judgment.

4. The AO denied deduction u/s 80IC on income from the trading unit and other sources, leading to an appeal before the CIT (A) and subsequently the Tribunal. The Tribunal remanded this issue to the AO for denovo consideration due to lack of proper verification and consideration of evidence by the CIT (A).

5. The appeal raised various grounds challenging the CIT (A)'s order, including discrepancies in reported income, treatment of unreported turnover, denial of deductions, and disallowances. The Tribunal allowed the appeal for statistical purposes, remanding specific issues back to the AO for proper verification and reconsideration in accordance with the law.

Overall, the Tribunal's judgment addressed the discrepancies in reported income, treatment of expenses and deductions, and remanded several issues back to the AO for further examination and consideration based on the evidence provided by the assessee.

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