CIT(A) Cannot Remand Assessment Under Section 147: ITAT Visakhapatnam

ITO Vs AL Safa Foods (ITAT Visakhapatnam) The Revenue appealed against the order of the Commissioner of Income Tax (Appeals) [CIT(A)], who had set aside an assessment framed under Sections 147 read with 144B of the Income-tax Act, 1961, and remanded the matter to the Assessing Officer (AO) for a fresh assessment. The assessee also filed a cross-objection supporting the CIT(A)’s order. The reassessment proceedings were initiated after the AO received information that the assessee had undertaken substantial cash deposits of ₹22.65 lakh and cash withdrawals of ₹1,708.26 lakh without fil...