https://www.taxtmi.com/caselaws?id=398120 The ITAT Hyderabad remitted appeals for Assessment Years 2014-15 and 2015-16 back to the AO for fresh consideration. The AO was directed to verify the genuineness and creditworthiness of creditors and share applicants, including assessing the issue of addition related to the opening balance and set off of losses under section 115BBE in accordance with the law and CBDT Circular No.11 of 2009. The appeals were allowed for statistical purposes, emphasizing the necessity for a new assessment based on verified evidence. en-us Fri, 04 Sep 2020 00:00:00 +0530 Sun, 06 Sep 2020 21:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398120 The ITAT Hyderabad remitted appeals for Assessment Years 2014-15 and 2015-16 back to the AO for fresh consideration. The AO was directed to verify the genuineness and creditworthiness of creditors and share applicants, including assessing the issue of addition related to the opening balance and set off of losses under section 115BBE in accordance with the law and CBDT Circular No.11 of 2009. The appeals were allowed for statistical purposes, emphasizing the necessity for a new assessment based on verified evidence. Case-Laws Income Tax Fri, 04 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398120