Held that the issue was to go back to the Assessing Officer for both AYs to re-examination of the claim of the assessee in the light of agreement between the parties and the claim of the assessee that seller had offered the income in its hands. Matter remanded. (AY. 2003-04 to 2005-06)
Pawan Green Channels Pvt. Ltd. Dy. CIT (2023)101 ITR 19 (SN) (Chennai) (Trib)
S. 69 : Unexplained investments-Profits from sale of land-Contention that assessee only acted as aggregator and seller offered income as tax-AO to examine contention of the assessee-Matter remanded. [S. 68]