The Tax Publishers2021 TaxPub(DT) 0648 (Pune-Trib)

INCOME TAX ACT, 1961

Section 68

Considering the fact that Income Tax Legislations are within the purview of welfare legislations and the tax payer's interest should be protected, therefore, one final opportunity was provided to assessee to submit names, address and PAN of the parties regarding trade payables along with confirmation letters as instructed against addition made by AO under section 68.

Income from undisclosed sources - Addition under section 68 - Failure to furnish required details -

Assessee failed to submit names, address and PAN of the parties regarding the trade payables along with confirmation letters as instructed. Thus, addition was made by AO under section 68. Held: As noted even before the Tribunal also, on the given dates of hearing, assessee had evaded the process of law by non appearance. Considering the fact that Income Tax Legislations are within the purview of welfare legislations and the tax payer's interest should be protected, therefore, one final opportunity should be provided to the assessee. In view thereof, matter was remanded back to CIT(A) for re-adjudication while complying with the principles of natural justice.

REFERRED :

FAVOUR : Matter remanded.

A.Y. : 2010-11


INCOME TAX ACT, 1961

Section 37(1)

SUBSCRIBE TaxPublishers.inSUBSCRIBE FOR FULL CONTENT

TaxPublishers.in

'Kedarnath', 7, Avadh Vihar, Near Nirali Dhani,

Chopasni Road

Jodhpur - 342 008 (Rajasthan) INDIA

Phones : 9785602619 (11 am - 5 pm)

E-Mail : mail@taxpublishers.in / mail.taxpublishers@gmail.com