CIT(A) Power to Remand Limited to Best Judgment Cases u/s 144, Not 143(3): ITAT Chandigarh

ITO Vs Rakesh Nagpal (ITAT Chandigarh) Power to Remand Limited to Best Judgment Cases u/s 144, Not 143(3); CIT(A) – Exceeded Power- ITAT Chandigarh In these appeals, Revenue challenged the orders of CIT(A), Fatehabad, relating to assessment & penalty proceedings. The assessment order for AY 2018-19 had been passed u/s 143(3) r.w.s. 144B on 22.09.2021. Subsequently, penalty u/s 270A(2) was imposed. CIT(A), however, set aside the assessment order, invoking powers u/s 251(1)(a) & consequently cancelled the penalty. Tribunal observed that the proviso to section 251(1)(a) empowers CIT...