https://www.taxtmi.com/caselaws?id=211360 The Tribunal allowed all appeals filed by the Revenue, setting aside orders of both the assessing authority and the Commissioner of Income-tax(Appeals) for all assessment years. The Tribunal directed a re-evaluation by the assessing authority to scrutinize journal entries crediting accounts of assessees as deemed dividends, assess amounts paid for property purchases, and address the violation of Rule 46A in considering fresh materials. The assessing authority was instructed to conduct a detailed examination and verification of each journal entry and evidence presented, emphasizing the importance of proper assessment based on factual examination. en-us Tue, 17 Jan 2012 00:00:00 +0530 Thu, 15 Mar 2012 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211360 The Tribunal allowed all appeals filed by the Revenue, setting aside orders of both the assessing authority and the Commissioner of Income-tax(Appeals) for all assessment years. The Tribunal directed a re-evaluation by the assessing authority to scrutinize journal entries crediting accounts of assessees as deemed dividends, assess amounts paid for property purchases, and address the violation of Rule 46A in considering fresh materials. The assessing authority was instructed to conduct a detailed examination and verification of each journal entry and evidence presented, emphasizing the importance of proper assessment based on factual examination. Case-Laws Income Tax Tue, 17 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211360