https://www.taxtmi.com/caselaws?id=253058 The Tribunal allowed the appeals by both the Revenue and the assessee for statistical purposes, remanding the matter to the Assessing Officer for re-examination and issuance of a speaking order in accordance with the law. The Tribunal found that the CIT(A) erred in admitting additional evidence without providing the AO an opportunity to comment and in making additions and reclassifications without proper jurisdiction and opportunity for representation. The AO was directed to re-examine the source of cost of improvement and the appropriate head of income, ensuring the assessee's adequate opportunity to be heard. en-us Fri, 22 Aug 2014 00:00:00 +0530 Thu, 30 Oct 2014 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253058 The Tribunal allowed the appeals by both the Revenue and the assessee for statistical purposes, remanding the matter to the Assessing Officer for re-examination and issuance of a speaking order in accordance with the law. The Tribunal found that the CIT(A) erred in admitting additional evidence without providing the AO an opportunity to comment and in making additions and reclassifications without proper jurisdiction and opportunity for representation. The AO was directed to re-examine the source of cost of improvement and the appropriate head of income, ensuring the assessee's adequate opportunity to be heard. Case-Laws Income Tax Fri, 22 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253058