Rule 46A Violated as Appeal Decided Without Complete Remand Exercise

ITO Vs Adhithi Infra Projects Private Limited (ITAT Hyderabad) Rule 46A procedure can’t be short-circuited: ITAT sets aside relief granted without awaiting remand report Hyderabad ITAT allowed Revenue’s appeal for statistical purposes & set aside the order of CIT(A) on the issue of addition u/s 68. Tribunal noted that AO had completed assessment u/s 144 by estimating income at 8% of gross contractual receipts of ₹6.78 crore & by treating borrowings aggregating to ₹4.35 crore as unexplained cash credits due to total non-compliance by Assessee. Before CIT(A), Assessee filed addit...