https://www.taxtmi.com/caselaws?id=254723 The High Court of Bombay quashed the order of the Income Tax Appellate Tribunal and remanded the case for a fresh hearing. The Court found that the authorities failed to consider that the appellant had received Rs. 2,90,000 as part of the flat sale consideration during the relevant financial year. The Court emphasized the need for a comprehensive review of all facts and evidence in tax assessment cases for a fair and lawful outcome, leaving the arguments of both parties open for further consideration by the Tribunal. en-us Wed, 29 Oct 2014 00:00:00 +0530 Mon, 29 Dec 2014 21:28:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254723 The High Court of Bombay quashed the order of the Income Tax Appellate Tribunal and remanded the case for a fresh hearing. The Court found that the authorities failed to consider that the appellant had received Rs. 2,90,000 as part of the flat sale consideration during the relevant financial year. The Court emphasized the need for a comprehensive review of all facts and evidence in tax assessment cases for a fair and lawful outcome, leaving the arguments of both parties open for further consideration by the Tribunal. Case-Laws Income Tax Wed, 29 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254723