https://www.taxtmi.com/caselaws?id=770426 ITAT Kolkata remitted the matter back to CIT(A) for fresh consideration regarding addition under section 68 for share sale proceeds treated as accommodation entries by AO. The tribunal found CIT(A) applied selective approach by accepting partial credits for certain transactions while rejecting similar others, violating consistent principles. Assessee alleged lack of fair hearing and discriminatory treatment despite transparent disclosure and compliance. ITAT directed CIT(A) to decide all issues afresh after providing proper hearing opportunity to assessee. Appeal was partly allowed for statistical purposes. en-us Wed, 07 May 2025 00:00:00 +0530 Sat, 10 May 2025 08:36:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770426 ITAT Kolkata remitted the matter back to CIT(A) for fresh consideration regarding addition under section 68 for share sale proceeds treated as accommodation entries by AO. The tribunal found CIT(A) applied selective approach by accepting partial credits for certain transactions while rejecting similar others, violating consistent principles. Assessee alleged lack of fair hearing and discriminatory treatment despite transparent disclosure and compliance. ITAT directed CIT(A) to decide all issues afresh after providing proper hearing opportunity to assessee. Appeal was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770426