https://www.taxtmi.com/caselaws?id=71858 The Tribunal set aside the assessment and directed the Assessing Officer to conduct a detailed investigation, providing the assessee with an opportunity to contest the findings. The AO was instructed to prepare a list of recipients of bogus gifts, verify their admissions, examine relevant persons in the presence of the assessee, investigate NRE account deposits, obtain and review pertinent documents and statements, provide copies to the assessee for cross-examination, consider all evidence including the FERA-seized diary, and apply amended Chapter XIV-B provisions. The appeal was treated as allowed for statistical purposes. en-us Wed, 05 Mar 2003 00:00:00 +0530 Wed, 27 Apr 2011 15:02:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71858 The Tribunal set aside the assessment and directed the Assessing Officer to conduct a detailed investigation, providing the assessee with an opportunity to contest the findings. The AO was instructed to prepare a list of recipients of bogus gifts, verify their admissions, examine relevant persons in the presence of the assessee, investigate NRE account deposits, obtain and review pertinent documents and statements, provide copies to the assessee for cross-examination, consider all evidence including the FERA-seized diary, and apply amended Chapter XIV-B provisions. The appeal was treated as allowed for statistical purposes. Case-Laws Income Tax Wed, 05 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71858