https://www.taxtmi.com/caselaws?id=247508 The court found the ITAT's and CIT(A)'s actions unjustified in restricting additions without reasons, emphasizing the need for proper reasoning and adherence to the law. The court criticized the ITAT for lacking factual findings and reasons in reducing trading additions, likening its approach to a previous criticized case. Consequently, the court quashed the orders and remanded the matter to the ITAT for a fresh decision within six months, stressing the importance of independent and reasoned decisions in accordance with the law. en-us Fri, 31 Jan 2014 00:00:00 +0530 Wed, 14 May 2014 08:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247508 The court found the ITAT's and CIT(A)'s actions unjustified in restricting additions without reasons, emphasizing the need for proper reasoning and adherence to the law. The court criticized the ITAT for lacking factual findings and reasons in reducing trading additions, likening its approach to a previous criticized case. Consequently, the court quashed the orders and remanded the matter to the ITAT for a fresh decision within six months, stressing the importance of independent and reasoned decisions in accordance with the law. Case-Laws Income Tax Fri, 31 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247508