https://www.taxtmi.com/caselaws?id=244425 The Tribunal allowed the appeal for statistical purposes, remanding the case back to the Assessing Officer for a fresh assessment. The Tribunal emphasized the need for the assessee to substantiate claims with proper evidence and for the AO to provide adequate opportunity for the assessee to be heard. The primary onus to prove the genuineness of transactions was on the assessee, which was not discharged, leading to the restoration of the issue for re-evaluation. en-us Fri, 13 Apr 2012 00:00:00 +0530 Wed, 26 Feb 2014 08:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=244425 The Tribunal allowed the appeal for statistical purposes, remanding the case back to the Assessing Officer for a fresh assessment. The Tribunal emphasized the need for the assessee to substantiate claims with proper evidence and for the AO to provide adequate opportunity for the assessee to be heard. The primary onus to prove the genuineness of transactions was on the assessee, which was not discharged, leading to the restoration of the issue for re-evaluation. Case-Laws Income Tax Fri, 13 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=244425