https://www.taxtmi.com/caselaws?id=55791 The Tribunal found that the CIT(A) was not justified in deleting the addition of Rs. 59,56,000 without proper verification. The Tribunal set aside the CIT(A)'s order and remitted the issue back to the Assessing Officer (AO) for fresh adjudication. The AO was directed to allow the assessee to provide confirmation/authenticated application forms and conduct necessary enquiries as per section 68 of the Income Tax Act. The Tribunal also instructed the AO to exclude the amount of Rs. 3,00,000 confirmed by 30 allottees from the addition. en-us Fri, 25 Jul 2003 00:00:00 +0530 Tue, 26 Apr 2016 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55791 The Tribunal found that the CIT(A) was not justified in deleting the addition of Rs. 59,56,000 without proper verification. The Tribunal set aside the CIT(A)'s order and remitted the issue back to the Assessing Officer (AO) for fresh adjudication. The AO was directed to allow the assessee to provide confirmation/authenticated application forms and conduct necessary enquiries as per section 68 of the Income Tax Act. The Tribunal also instructed the AO to exclude the amount of Rs. 3,00,000 confirmed by 30 allottees from the addition. Case-Laws Income Tax Fri, 25 Jul 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55791