2018 (4) TMI 1584 - HC - Income Tax

Tribunal justification in restoring the matter to AO even when all material was available before the Tribunal to render finding on the dispute between the parties Held that - After the matter was heard for some time, Mr. Sheth the learned counsel appearing on behalf of the Appellant on instructions seeks time as the appellant proposes to file an application for rectification of the impugned order dated 1.4.2015 to the Tribunal.

Summary

The High Court of Bombay, in a case under the Income Tax Act, challenged an order by the Income Tax Appellate Tribunal related to Assessment Years 2002-03, 2003-04, and 2005-06. The main issue was whether the Tribunal was right in sending the matter back to the Assessing Officer when all necessary information was available. The appeal was adjourned to 2.5.2018 for further proceedings.