2019 (2) TMI 1640

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.... For the Appellant : Shri D. Anand, Advocate For the Respondent : Shri AR.V. Sreenivasan, JCIT ORDER PER N.R.S. GANESAN, JUDICIAL MEMBER: Both the appeals of independent assessees are directed against the order of the Commissioner of Income Tax (Appeals)-5, Chennai, dated 20.03.2018 and pertain to assessment year 2014-15. 2. The only issue arises for consideration is rejection of c....

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....irection to furnish a copy of the investigation report said to be received from the Investigation Wing of the Department at Kolkata and to decide the issue afresh thereafter in accordance with law. The Ld.counsel has also placed his reliance on the order of this Tribunal in Shri Aravind Nandlal Khatri in I.T.A. No.2035/Chny/2018 dated 03.12.2018. 4. We heard Shri AR.V. Sreenivasan, the Ld. Depa....

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....nd the entire issue is remitted back to the file of the Assessing Officer. The Assessing Officer shall bring on record the role of the assessees in promoting the company and the relationship of the assessees, if any with the promoters, role of the assessees in inflating the price of shares, etc. The Assessing Officer shall also furnish a copy of the investigation report said to be received from th....