ITAT remitted the matter to AO where no verification of documents filed under rule 46A was sought

Facts of the case:

• The return of income was filed on 31.10.2005 at an income of Rs. 4,04,020/- for AY 2005-06.
• During the course of assessment proceedings, the AO took note of the fact that the assessee and his wife purchased property at front and rear side of portion at ground floor for a consideration of 40 Lakh each and 3,20,000 was paid as stamp duty on each portion.
• AO observed that the assessee had no details regarding particulars of payment made by him; and regarding the source t

  Please become a Premium member. If you are already a Premium member, login here to access the full content.