https://www.taxtmi.com/caselaws?id=750809 ITAT Delhi remanded matter to AO for verification regarding discrepancy in accumulated funds computation under section 11(2) between return of income and Form 10. Assessee argued CIT(A) violated natural justice principles by not seeking clarification on alleged investment discrepancies. ITAT held assessee's claim required verification and directed AO to verify the claim and modify assessment if found correct and lawful. Appeal allowed for statistical purposes with matter restored to AO's file. en-us Wed, 27 Mar 2024 00:00:00 +0530 Fri, 29 Mar 2024 15:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750809 ITAT Delhi remanded matter to AO for verification regarding discrepancy in accumulated funds computation under section 11(2) between return of income and Form 10. Assessee argued CIT(A) violated natural justice principles by not seeking clarification on alleged investment discrepancies. ITAT held assessee's claim required verification and directed AO to verify the claim and modify assessment if found correct and lawful. Appeal allowed for statistical purposes with matter restored to AO's file. Case-Laws Income Tax Wed, 27 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750809