Order passed without considering documents and examining residential status needs to be restore back

Ajay Jain Vs ACIT (ITAT Mumbai) ITAT Mumbai held that order passed without considering the documents and without examining the correct residential status of the assessee is liable to be restore back for de novo adjudication. Facts- In appeal before the learned CIT(A), the assessee raised grounds challenging the assessment by treating the assessee as ‘Resident’ as against the return of income filed in the status of ‘Non-Resident’. The assessee also challenged the computation of long-term capital gains by treating the cost of acquisition of shares as Nil. In order to substantiate the cos...