https://www.taxtmi.com/caselaws?id=243917 The Tribunal remitted various issues back to the assessing officer for reconsideration and upheld certain decisions of the CIT(A) in a tax case. The Tribunal emphasized providing a reasonable opportunity to explain, proper verification, and adherence to legal procedures. Some additions were deleted due to lack of proper enquiry by the assessing officer, availability of non-interest-bearing funds, and proper explanations provided by the assessee. The Tribunal directed the assessing officer to decide in accordance with law after reassessment of certain issues. en-us Fri, 07 Feb 2014 00:00:00 +0530 Thu, 13 Feb 2014 09:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=243917 The Tribunal remitted various issues back to the assessing officer for reconsideration and upheld certain decisions of the CIT(A) in a tax case. The Tribunal emphasized providing a reasonable opportunity to explain, proper verification, and adherence to legal procedures. Some additions were deleted due to lack of proper enquiry by the assessing officer, availability of non-interest-bearing funds, and proper explanations provided by the assessee. The Tribunal directed the assessing officer to decide in accordance with law after reassessment of certain issues. Case-Laws Income Tax Fri, 07 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=243917