AO wrongly made Addition on Property Sale instead of Purchase: ITAT remands Matter due to Incorrect facts [Read Order]
Considering revenue wrongly proceeded on misappreciation of facts, ITAT remands the matter to the AO for fresh examination
By Kavi Priya - On August 25, 2024 4:25 pm - 2 mins read
The New Delhi Bench of the Income Tax Appellate Tribunal ( ITAT ) has remanded the case to the Assessing Officer for a fresh adjudication. This decision followed the assessing officer’s erroneous addition on the sale of the property when, in fact, there was no sale but rather a joint purchase of the property. The…
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