https://www.taxtmi.com/caselaws?id=459416 The ITAT Kolkata allowed the assessee's appeal for statistical purposes in a case involving addition under section 68 for unexplained cash credit related to share application/premium from seven entities. The tribunal found that the CIT(A) failed to properly frame determination points or conduct detailed adjudication of documentary evidence as required under section 250(6). Following the precedent in M/s Primeline Sales Pvt. Ltd., the matter was restored to the AO for necessary factual verification and adequate hearing opportunities for the taxpayer. en-us Wed, 08 May 2019 00:00:00 +0530 Thu, 12 Dec 2024 18:59:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459416 The ITAT Kolkata allowed the assessee's appeal for statistical purposes in a case involving addition under section 68 for unexplained cash credit related to share application/premium from seven entities. The tribunal found that the CIT(A) failed to properly frame determination points or conduct detailed adjudication of documentary evidence as required under section 250(6). Following the precedent in M/s Primeline Sales Pvt. Ltd., the matter was restored to the AO for necessary factual verification and adequate hearing opportunities for the taxpayer. Case-Laws Income Tax Wed, 08 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459416