https://www.taxtmi.com/caselaws?id=266844 The Appellate Tribunal ITAT Ahmedabad allowed the appeals of the assessees for AY 2006-07, directing the Assessing Officer to re-examine the source of funds for share investments, emphasizing fair opportunities for the assessees to present their case. Both appeals were allowed for statistical purposes, granting the assessees the opportunity to demonstrate the sources of funds used for share investments. The Tribunal emphasized the need for a fair opportunity for the assessees to present their case and directed the AO to conduct assessments afresh within a specified timeframe. en-us Thu, 01 Oct 2015 00:00:00 +0530 Mon, 26 Oct 2015 00:46:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266844 The Appellate Tribunal ITAT Ahmedabad allowed the appeals of the assessees for AY 2006-07, directing the Assessing Officer to re-examine the source of funds for share investments, emphasizing fair opportunities for the assessees to present their case. Both appeals were allowed for statistical purposes, granting the assessees the opportunity to demonstrate the sources of funds used for share investments. The Tribunal emphasized the need for a fair opportunity for the assessees to present their case and directed the AO to conduct assessments afresh within a specified timeframe. Case-Laws Income Tax Thu, 01 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266844