https://www.taxtmi.com/caselaws?id=253568 The High Court upheld the decision of the Income Tax Appellate Tribunal to remand the matter back to the assessing officer for a fresh examination of the respondent-assessee's statement regarding the purchase of raw materials for a building complex. The Court emphasized the importance of verifying any new evidence presented during the reassessment process and stressed that it should focus on the genuineness of the purchases without being used to cover previous shortcomings. The Tribunal's decision was confirmed, and costs were not awarded. en-us Tue, 18 Nov 2014 00:00:00 +0530 Fri, 28 Nov 2014 10:33:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253568 The High Court upheld the decision of the Income Tax Appellate Tribunal to remand the matter back to the assessing officer for a fresh examination of the respondent-assessee's statement regarding the purchase of raw materials for a building complex. The Court emphasized the importance of verifying any new evidence presented during the reassessment process and stressed that it should focus on the genuineness of the purchases without being used to cover previous shortcomings. The Tribunal's decision was confirmed, and costs were not awarded. Case-Laws Income Tax Tue, 18 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253568