ITAT Remands Matter To CIT(A) To Determine Taxable Income After Examining Nature Of Credit Entries, Bank Accounts

The Delhi Bench of Income Tax Appellate Tribunal (ITAT) consisting of Astha Chandra (Judicial Member) and Dr. B. R. R. Kumar (Accountant Member) has remanded the matter back to CIT(A) to determine the issue afresh after examining the bank accounts and determining the taxable income. The assessee/appellant had credited a total amount of Rs.4,00,74,711/- in the bank accounts of his...