ITAT Remands Case to CIT(A) for Fresh Adjudication on Rs. 8.82 Lakh FD Investment due to Failure to consider Evidence of Source from FD/OD Account [Read Order]
The tribunal noted that the CIT(A) failed to consider the evidence provided by the assessee and set aside the addition for fresh adjudication
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) remanded the case to the Commissioner of Income Tax (Appeals)[CIT(A)] for fresh adjudication on the Rs. 8.82 lakh Fixed Deposit ( FD ) investment, due to the failure to consider evidence of the source from the Fixed Deposit/Overdraft ( FD/OD ) account. Kamalbhai Babulal…
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