https://www.taxtmi.com/caselaws?id=456838 The ITAT Patna remanded the case back to CIT(A) for fresh adjudication on multiple issues. Regarding unaccounted cash and stock additions during survey and section 80C disallowance, the tribunal held that CIT(A) should have provided reasonable opportunity to AO to examine and verify documents before granting relief. For the addition concerning difference between bank credit entries and reported gross sales due to VAT/GST collection, the tribunal found that CIT(A) failed to consider provisions of section 145 read with section 145A(ii) and ICDS IV applicable from AY 2017-18. Revenue's appeal was allowed for statistical purposes with directions for fresh consideration. en-us Tue, 06 Jun 2023 00:00:00 +0530 Tue, 20 Aug 2024 23:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456838 The ITAT Patna remanded the case back to CIT(A) for fresh adjudication on multiple issues. Regarding unaccounted cash and stock additions during survey and section 80C disallowance, the tribunal held that CIT(A) should have provided reasonable opportunity to AO to examine and verify documents before granting relief. For the addition concerning difference between bank credit entries and reported gross sales due to VAT/GST collection, the tribunal found that CIT(A) failed to consider provisions of section 145 read with section 145A(ii) and ICDS IV applicable from AY 2017-18. Revenue's appeal was allowed for statistical purposes with directions for fresh consideration. Case-Laws Income Tax Tue, 06 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456838