https://www.taxtmi.com/caselaws?id=214823 The ITAT remanded the case involving tax treatment of share sale proceeds back to the A.O. due to discrepancies in assessment process and lack of natural justice principles. The appellant's concerns regarding procedural fairness were addressed as new evidence was admitted, emphasizing the importance of fair opportunity for evidence presentation and cross-examination. The ITAT found merit in appellant's contentions regarding treating genuine purchases as bogus, directing a fresh assessment for a just resolution based on all evidence. The judgment underscored the significance of procedural fairness and proper evidence consideration in tax assessments. en-us Fri, 25 May 2012 00:00:00 +0530 Tue, 17 Jul 2012 07:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214823 The ITAT remanded the case involving tax treatment of share sale proceeds back to the A.O. due to discrepancies in assessment process and lack of natural justice principles. The appellant's concerns regarding procedural fairness were addressed as new evidence was admitted, emphasizing the importance of fair opportunity for evidence presentation and cross-examination. The ITAT found merit in appellant's contentions regarding treating genuine purchases as bogus, directing a fresh assessment for a just resolution based on all evidence. The judgment underscored the significance of procedural fairness and proper evidence consideration in tax assessments. Case-Laws Income Tax Fri, 25 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214823