https://www.taxtmi.com/caselaws?id=260875 The Tribunal admitted the appeals challenging quantum additions and penalty imposition, emphasizing the need for proper application of mind and opportunity for the assessee to justify claims. The failure to consider amalgamation effects on tax assessments and denial of natural justice were highlighted. The disallowance of expenses without adequate verification and non-consideration of deductions under relevant sections were deemed unjust. The Tribunal directed fresh adjudication by the AO, stressing the importance of due process and timely resolution while advising cooperation from the assessee. Appeals were allowed for statistical purposes. en-us Fri, 19 Jun 2015 00:00:00 +0530 Fri, 26 Jun 2015 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260875 The Tribunal admitted the appeals challenging quantum additions and penalty imposition, emphasizing the need for proper application of mind and opportunity for the assessee to justify claims. The failure to consider amalgamation effects on tax assessments and denial of natural justice were highlighted. The disallowance of expenses without adequate verification and non-consideration of deductions under relevant sections were deemed unjust. The Tribunal directed fresh adjudication by the AO, stressing the importance of due process and timely resolution while advising cooperation from the assessee. Appeals were allowed for statistical purposes. Case-Laws Income Tax Fri, 19 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260875