https://www.taxtmi.com/caselaws?id=246814 The Tribunal allowed the appellant's appeal, directing a revisit of the CIT(A) order by the AO. The Tribunal found errors in the best judgment assessment and partial confirmation of additions by the CIT(A), emphasizing the need for a fair opportunity for the appellant to present evidence. The Tribunal ruled against the disallowance of expenses and addition on alleged low withdrawal/drawing, stating they were unwarranted. Overall, the Tribunal stressed the importance of adhering to principles of natural justice and providing a reasonable opportunity for the appellant to address the issues raised. en-us Wed, 26 Mar 2014 00:00:00 +0530 Wed, 23 Apr 2014 10:13:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246814 The Tribunal allowed the appellant's appeal, directing a revisit of the CIT(A) order by the AO. The Tribunal found errors in the best judgment assessment and partial confirmation of additions by the CIT(A), emphasizing the need for a fair opportunity for the appellant to present evidence. The Tribunal ruled against the disallowance of expenses and addition on alleged low withdrawal/drawing, stating they were unwarranted. Overall, the Tribunal stressed the importance of adhering to principles of natural justice and providing a reasonable opportunity for the appellant to address the issues raised. Case-Laws Income Tax Wed, 26 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246814