https://www.taxtmi.com/caselaws?id=447704 The ITAT Mumbai restored multiple issues to the AO for verification. Regarding interest income addition, the matter was remanded to verify assessee's claim that interest was already included in AY 2014-15 following mercantile accounting. For mutual fund capital gains classification, the issue was restored to verify sale dates and determine LTCG/STCG treatment under section 2(42A). An LTCG addition made without providing collected information to the assessee was deleted as ultra vires since it wasn't part of the draft assessment order. Issues regarding unexplained investments in Franklin Templeton MF, insurance premium payments, and property purchase payments were restored to AO with directions to collect relevant details from third parties and provide them to the assessee for explanation. en-us Thu, 19 Oct 2023 00:00:00 +0530 Tue, 02 Jan 2024 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447704 The ITAT Mumbai restored multiple issues to the AO for verification. Regarding interest income addition, the matter was remanded to verify assessee's claim that interest was already included in AY 2014-15 following mercantile accounting. For mutual fund capital gains classification, the issue was restored to verify sale dates and determine LTCG/STCG treatment under section 2(42A). An LTCG addition made without providing collected information to the assessee was deleted as ultra vires since it wasn't part of the draft assessment order. Issues regarding unexplained investments in Franklin Templeton MF, insurance premium payments, and property purchase payments were restored to AO with directions to collect relevant details from third parties and provide them to the assessee for explanation. Case-Laws Income Tax Thu, 19 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447704