https://www.taxtmi.com/caselaws?id=387744 The ITAT found that the Assessing Officer and CIT(A) failed to comply with its directions to reconsider certain issues. Specifically, the ITAT directed a detailed examination of whether the undisclosed investment of Rs. 84 lacs was made by the company or the individual director, and whether the company had commenced commercial production when the payment was made. The ITAT emphasized the discretionary nature of tax provisions and remanded the matter to the AO for a fresh assessment, allowing the appeal. en-us Fri, 20 Sep 2019 00:00:00 +0530 Thu, 31 Oct 2019 18:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387744 The ITAT found that the Assessing Officer and CIT(A) failed to comply with its directions to reconsider certain issues. Specifically, the ITAT directed a detailed examination of whether the undisclosed investment of Rs. 84 lacs was made by the company or the individual director, and whether the company had commenced commercial production when the payment was made. The ITAT emphasized the discretionary nature of tax provisions and remanded the matter to the AO for a fresh assessment, allowing the appeal. Case-Laws Income Tax Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387744