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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Power of AO to determine income in remand case - ITAT direction ...

Case Laws     Income Tax

August 12, 2019

Power of AO to determine income in remand case - ITAT direction to addition based on peak credit - It is trite law that the AO has a legal obligation to implement the order of the ITAT strictly and such failure would result in the failure of justice and it is ex-facie apparent that no peak credit of the bank account has been worked out by the AO - the order of AO stands quashed

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