Electronic WhatsApp evidence without authentication or independent corroboration cannot sustain an unexplained-investment addition based on third-part...
Mutual current-account transactions excluded from deemed dividend treatment where no fresh borrowing arose; unsupported unsecured-loan addition also f...
ITAT remanded the matter to Assessing Officer (AO) for comprehensive re-examination of income tax assessment under Section 56(2)(ix). The tribunal directed AO to conduct a detailed verification of submitted documents, provide fair hearing to the assessee, and assess correct taxable income after carefully examining evidence. The appellate proceedings were disposed of statistically, mandating the assessee to cooperate during reassessment and avoid frivolous adjournments. The key directive emphasizes procedural fairness and substantive evaluation of factual claims before final income determination.
ITAT remanded the matter to Assessing Officer (AO) for comprehensive re-examination of income tax assessment under Section 56(2)(ix). The tribunal directed AO to conduct a detailed verification of submitted documents, provide fair hearing to the assessee, and assess correct taxable income after carefully examining evidence. The appellate proceedings were disposed of statistically, mandating the assessee to cooperate during reassessment and avoid frivolous adjournments. The key directive emphasizes procedural fairness and substantive evaluation of factual claims before final income determination.
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