ITAT should not direct Remand on Legal & Factual Issues: Telangana HC

Incredible India Projects Private Limited Vs ACIT (Telangana High Court) In Incredible India Projects Private Limited vs. ACIT, the Telangana High Court addressed the appropriateness of the Income Tax Appellate Tribunal (ITAT) remanding a penalty case back to the Commissioner of Income Tax (Appeals) [CIT(A)]. The appellant, engaged in real estate, faced scrutiny after a search under Section 132 of the Income Tax Act revealed unaccounted cash payments and other discrepancies. The dispute primarily centered on whether the ITAT, as a final fact-finding body, should have decided the issues instead...