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

Assessing Officer's Order Quashed for Failing to Implement ITAT's Directive on Peak Credit Calculation Precisely.

August 12, 2019

Case Laws Income Tax HC

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

Assessing Officer's Order Quashed for Failing to Implement ITAT's Directive on Peak Credit Calculation Precisely.

August 12, 2019

Case Laws Income Tax HC

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