https://www.taxtmi.com/caselaws?id=269199 The ITAT Delhi bench remanded the case for a fresh assessment, emphasizing that Form 26AS alone cannot justify income additions without an independent inquiry by the Assessing Officer. The appellant was granted a reasonable opportunity to present their case regarding discrepancies in income declaration and Form 26AS receipts, the justification for spreading over income, and the Assessing Officer's disallowance of relief. The CIT(A)'s decisions on these issues were overturned, highlighting the necessity for proper verification before making additions and the importance of allowing the assessee to be heard. No specific ruling was provided on the allocation of additions to a specific entity or the penalty initiation under section 271(1)(c) of the Income-tax Act. en-us Fri, 09 Oct 2015 00:00:00 +0530 Thu, 10 Dec 2015 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269199 The ITAT Delhi bench remanded the case for a fresh assessment, emphasizing that Form 26AS alone cannot justify income additions without an independent inquiry by the Assessing Officer. The appellant was granted a reasonable opportunity to present their case regarding discrepancies in income declaration and Form 26AS receipts, the justification for spreading over income, and the Assessing Officer's disallowance of relief. The CIT(A)'s decisions on these issues were overturned, highlighting the necessity for proper verification before making additions and the importance of allowing the assessee to be heard. No specific ruling was provided on the allocation of additions to a specific entity or the penalty initiation under section 271(1)(c) of the Income-tax Act. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269199