https://www.taxtmi.com/caselaws?id=213625 The Income-tax Appellate Tribunal (ITAT) allowed the appeals filed by the assessee, deleting all contested additions related to undisclosed income, new capital introduced by partners, and fresh unsecured loans. The ITAT dismissed the appeal filed by the Revenue, emphasizing the importance of proper verification by the Assessing Officer and adherence to legal precedents in assessing unexplained income and loans. The ITAT did not decide on the validity of assessment proceedings due to alleged non-service of notice under section 143(2) as all additions made by the AO were deleted. en-us Fri, 21 Oct 2011 00:00:00 +0530 Wed, 22 May 2013 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213625 The Income-tax Appellate Tribunal (ITAT) allowed the appeals filed by the assessee, deleting all contested additions related to undisclosed income, new capital introduced by partners, and fresh unsecured loans. The ITAT dismissed the appeal filed by the Revenue, emphasizing the importance of proper verification by the Assessing Officer and adherence to legal precedents in assessing unexplained income and loans. The ITAT did not decide on the validity of assessment proceedings due to alleged non-service of notice under section 143(2) as all additions made by the AO were deleted. Case-Laws Income Tax Fri, 21 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213625