Deletion of understated sale consideration by CIT(A) without dealing in fundamental aspects cannot be countenanced in law

ACIT Vs DSL Properties Pvt Ltd (ITAT Delhi)

Deletion of understated sale consideration by CIT(A) without dealing in fundamental aspects cannot be countenanced in law

ITAT Delhi held that deletion of additions on account of understated sale consideration based on loose papers, dairy, documents, etc. seized in search action without dealing with the fundamental aspects of the matter by CIT(A) order cannot be countenanced in law. Accordingly, matter restored back to CIT(A) for fresh determination.

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