https://www.taxtmi.com/caselaws?id=204938 The court allowed the appeal in part, remitting the matter back to the assessing authority for the appellant to substantiate the claim regarding expenditure incurred in connection with the transfer, citing legal precedents supporting the deduction. The court upheld the validity of the assessment under section 144, finding that the best judgment assessment was valid despite non-compliance with certain statutory requirements. The assessing authority was directed to allow the appellant to present relevant materials and make appropriate orders in accordance with the law. en-us Mon, 15 Nov 2010 00:00:00 +0530 Fri, 21 Dec 2012 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204938 The court allowed the appeal in part, remitting the matter back to the assessing authority for the appellant to substantiate the claim regarding expenditure incurred in connection with the transfer, citing legal precedents supporting the deduction. The court upheld the validity of the assessment under section 144, finding that the best judgment assessment was valid despite non-compliance with certain statutory requirements. The assessing authority was directed to allow the appellant to present relevant materials and make appropriate orders in accordance with the law. Case-Laws Income Tax Mon, 15 Nov 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204938