Order passed based on submissions made before CIT(A) without conducting enquiry unsustainable

ACIT Vs Pannalal Bhansali (ITAT Kolkata) ITAT Kolkata remanded the matter back to CIT(A) as relief was granted to the assessee on the basis of various submissions which were for the first time furnished before CIT(A) and CIT(A) prior to granting relief didn’t conduct any enquiry on the same. Facts- Assessee is a proprietor of H.P. Institute of Insurance, engaged in the business of imparting vocational training. Case of the assessee was selected for limited scrutiny. Issue relates to unsubstantiated increase in capital of the assessee, wherein, AO noted the sharp rise amounting to Rs.23,26,96...