https://www.taxtmi.com/caselaws?id=328410 The ITAT Mumbai found that the CIT(A)'s deletions were not fully justified and restored the matters to the AO for fresh verification. The appeal of the revenue was allowed for statistical purposes, with directions for the AO to verify the assessee's contentions and decide the issues afresh. The ITAT directed the AO to examine if the income was properly accounted for in the subsequent year and to ensure that receipts and expenditures were accurately reflected in the audited profit and loss account. en-us Wed, 27 Apr 2016 00:00:00 +0530 Fri, 03 Jun 2016 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328410 The ITAT Mumbai found that the CIT(A)'s deletions were not fully justified and restored the matters to the AO for fresh verification. The appeal of the revenue was allowed for statistical purposes, with directions for the AO to verify the assessee's contentions and decide the issues afresh. The ITAT directed the AO to examine if the income was properly accounted for in the subsequent year and to ensure that receipts and expenditures were accurately reflected in the audited profit and loss account. Case-Laws Income Tax Wed, 27 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328410