Case Law Details
Shri Manish Kumar Girdhari Lal Lath Vs ACIT (ITAT Indore)
1. We find that the Information is reported by third party agencies to Income-tax Department and the possibility of wrong reporting cannot be denied.
2. In any case, when the assessee was consistently claiming that he is not able to explain the difference in absence of full details of Information Report, either the departmental authorities should have provided full information to assessee to enable him to delve into the difference or else they should have accepted the assessee’s simpliciter explanation that difference could not be reconciled in absence of full information.
3. Since the authorities have not taken any pains to provide full information to assessee, the only judicious way to settle the controversy is to accept assessee’s explanation.
FULL TEXT OF THE ORDER OF ITAT INDORE
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