https://www.taxtmi.com/caselaws?id=247078 The ITAT remitted the issue of the deletion of Rs. 35,00,000/- back to the AO for fresh assessment, granting the assessee the right to be heard. The addition was deleted by the Ld. CIT(A) based on the genuine nature of the transaction and the family's tax planning history. The ITAT also remitted the issue of the deletion of Rs. 1,44,529/- back to the AO for reevaluation, ultimately allowing the Revenue's appeal for statistical purposes. en-us Wed, 23 Apr 2014 00:00:00 +0530 Wed, 30 Apr 2014 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247078 The ITAT remitted the issue of the deletion of Rs. 35,00,000/- back to the AO for fresh assessment, granting the assessee the right to be heard. The addition was deleted by the Ld. CIT(A) based on the genuine nature of the transaction and the family's tax planning history. The ITAT also remitted the issue of the deletion of Rs. 1,44,529/- back to the AO for reevaluation, ultimately allowing the Revenue's appeal for statistical purposes. Case-Laws Income Tax Wed, 23 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247078