INCOME TAX ACT, 1961

Section 254

Appeal (Tribunal) - Validity of order - Tribunal allowed assessee's appeal for necessary verification of reduction in sales consideration claimed by assessee -

Issue arose as to whether Tribunal ought to have remanded matter to AO to consider the issue a fresh de-novo with regard to reduction in sales consideration. Held: Tribunal allowed assessee's appeal so far as it was related to reduction in sales consideration subject to directions issued in same paragraph for necessary verification or examination of claim of the assessee. Thus, Tribunal had remanded matter back to AO, directing him to consider in detail and verify claim of assessee. There was no infirmity in order passed by Tribunal which called for any interference. None of the question of law proposed by the revenue could be termed as substantial question of law.

REFERRED :

FAVOUR : In assessee's favour

A.Y. :

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