https://www.taxtmi.com/caselaws?id=63727 The Tribunal set aside the lower authorities' orders due to procedural lapses and lack of proper inquiry. The assessment under Section 144 was deemed hasty and irregular, violating principles of natural justice. The CIT(A) failed to adequately verify creditor evidence, leading to a directive for a fresh assessment by the ITO, ensuring the assessee's right to be heard. Appeals were allowed for statistical purposes. en-us Fri, 14 Oct 1988 00:00:00 +0530 Tue, 01 Feb 2011 15:31:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63727 The Tribunal set aside the lower authorities' orders due to procedural lapses and lack of proper inquiry. The assessment under Section 144 was deemed hasty and irregular, violating principles of natural justice. The CIT(A) failed to adequately verify creditor evidence, leading to a directive for a fresh assessment by the ITO, ensuring the assessee's right to be heard. Appeals were allowed for statistical purposes. Case-Laws Income Tax Fri, 14 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63727