https://www.taxtmi.com/caselaws?id=241584 The High Court set aside the tribunal's unreasoned order in a case involving the deemed gift from the sale of shares below market rate during the 1991-92 assessment year. The tribunal's failure to provide a reasoned decision and discuss similarities with prior judgments led to the decision being overturned. The court emphasized the necessity for judicial authorities to issue reasoned orders to ensure fair administration of justice. The matter was remitted back to the tribunal for fresh adjudication within three months, stressing the significance of thorough analysis in judicial decisions. The appeals were allowed in favor of the appellant. en-us Tue, 17 Jul 2012 00:00:00 +0530 Fri, 27 Dec 2013 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241584 The High Court set aside the tribunal's unreasoned order in a case involving the deemed gift from the sale of shares below market rate during the 1991-92 assessment year. The tribunal's failure to provide a reasoned decision and discuss similarities with prior judgments led to the decision being overturned. The court emphasized the necessity for judicial authorities to issue reasoned orders to ensure fair administration of justice. The matter was remitted back to the tribunal for fresh adjudication within three months, stressing the significance of thorough analysis in judicial decisions. The appeals were allowed in favor of the appellant. Case-Laws Income Tax Tue, 17 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241584