AO cannot do fresh assessment if assessment order was set aside

Jaya Prakash vs. ITO (ITAT Bangalore)

ITAT defines the meaning of ‘set aside’ and directs that AO can’t do fresh assessment if assessment order was set aside by ITAT.

Read Original Order here- Sale Consideration cannot be Determined merely on Form 26AS

BRIEF FACTS:

1. The assessee herein came in appeal before the Tribunal and raised the issue with regard to taxability M.P No.91/Bang/2021 of Rs. 4,88,75, 000/- on the basis of From No.26AS. On this issue Tribunal observed as follows:-

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