https://www.taxtmi.com/caselaws?id=237097 The Tribunal found that the lower authorities did not properly address the issues related to discrepancies in cash balances, treatment of transactions, application of peak investment theory, estimation of gross profit, set-off of cash balances and unexplained investments, and reduction of undisclosed investment in a bullion business. Consequently, the Tribunal restored all issues to the Assessing Officer for fresh consideration, directing clear findings and reasoning in a speaking order. The appeals were partly allowed for statistical purposes, and the revenue's entire appeal was sent back to the Assessing Officer for proper review with an opportunity for the assessee to be heard. en-us Mon, 11 Feb 2013 00:00:00 +0530 Wed, 18 Sep 2013 07:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=237097 The Tribunal found that the lower authorities did not properly address the issues related to discrepancies in cash balances, treatment of transactions, application of peak investment theory, estimation of gross profit, set-off of cash balances and unexplained investments, and reduction of undisclosed investment in a bullion business. Consequently, the Tribunal restored all issues to the Assessing Officer for fresh consideration, directing clear findings and reasoning in a speaking order. The appeals were partly allowed for statistical purposes, and the revenue's entire appeal was sent back to the Assessing Officer for proper review with an opportunity for the assessee to be heard. Case-Laws Income Tax Mon, 11 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=237097