Allowing the appeal the Court held that the findings rendered by the Tribunal confirming the disallowance of Rs. 30 lakhs as undisclosed investment under section 69 and in not considering the revised computation filed by the assessee categorically admitting the income received by him in the specific assessment year were to be set aside and the matter was remitted to the Assessing Officer in open remand. (AY.2002-03)
S. J. Suryah v. ITO (2021) 432 ITR 119 (Mad.)(HC)
S. 69 : Unexplained investments-Revised computation of income was not considered-Order of Tribunal set aside-Matter remanded to the Assessing Officer. [S. 254(1), 260A]