2020 (3) TMI 50

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..... pondent appears in person ORDER The Court: The amount involved is Rs. 3,86,49,700/-. The question is whether this amount was the unexplained income of the assessee under section 68 read with section 69A of the Income Tax Act, 1961. The Assessing Officer and the Commissioner of Income Tax (Appeals) held that it was unexplained income. The tribunal held otherwise stating "the assessee has been m .....

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..... tribunal with regard to the above issue is set aside and the matter is remanded for fresh determination. We order accordingly. We direct the tribunal to rehear the matter and pronounce a reasoned decision within four months of communication of this order. The tribunal would be at liberty to further remand the matter back to the lower adjudicating authorities. By consent of the parties this appe .....

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