2020 PTD 733

Case Laws / Head Notes / Paras

Penalty, imposition of---Taxpayer was aggrieved of confirmation of additions to value of property as well as foreign remittances made by the authorities.Stance of taxpayer was not properly adjudicated as required under law---Contention of taxpayer that all records were in custody of Dept. was found correct as Commissioner (IR) had directed the Dept. to return back impounded records---Commission while adjudicating issue of submission of evidence regarding payments of investors against purchase of plot in question had observed that taxpayer failed to submit evidence---Appellate Tribunal Inland Revenue remanded the case back to Deputy Commissioner Inland Revenue to return whole records of taxpayer and allow revision of tax return and directed the authorities to allow taxpayer ample opportunit...