Treatment of Unexplained Investments under the Income Tax Act, 1961

Last updated: 10 August 2021
Quick Summary
The Income Tax Appellate Tribunal has allowed an appeal for statistical purposes, remitting the case back to the CIT(A). The assessee argued they were denied a proper hearing on their appeal concerning unexplained investments. The Tribunal found that the appeal was dismissed ex parte without the assessee being heard on merits, and therefore, a fresh opportunity for a fair hearing is to be provided.

Court :
ITAT Hyderabad

Brief :
This is assessee’s appeal for A.Y. 2005-06 against the order of CIT(Appeals)-4, Hyderabad dated 18.02.2016. The assessee has raised the following grounds of appeal.

Citation :
ITA No. 695/Hyd./2016

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Poojitha Raam Vinay
Published in Income Tax
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