https://www.taxtmi.com/caselaws?id=248268 The tribunal remitted the cases back to the Assessing Officer (AO) for re-examination of evidence and submissions provided by the assessees. The AO is directed to work out the peak credit and decide the issues ensuring the assessees have adequate opportunities to present their case. This approach aims for a fair reassessment and proper application of the peak credit theory, allowing for a thorough examination of evidence and ensuring fair play and justice. en-us Fri, 16 May 2014 00:00:00 +0530 Sat, 07 Jun 2014 10:25:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248268 The tribunal remitted the cases back to the Assessing Officer (AO) for re-examination of evidence and submissions provided by the assessees. The AO is directed to work out the peak credit and decide the issues ensuring the assessees have adequate opportunities to present their case. This approach aims for a fair reassessment and proper application of the peak credit theory, allowing for a thorough examination of evidence and ensuring fair play and justice. Case-Laws Income Tax Fri, 16 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248268