https://www.taxtmi.com/caselaws?id=271684 The Tribunal disagreed with the Commissioner's findings regarding the appropriation of the deposited amount, the basis of undervaluation allegations, denial of cross-examination, method of valuation, and the involvement of Shri Madan Lalwani. It criticized the Commissioner for various procedural irregularities and lack of evidence supporting the allegations. The Tribunal remanded the case for fresh adjudication, highlighting the importance of adhering to principles of natural justice and correct legal principles of valuation. The appeals were allowed for remand with instructions to consider the Tribunal's observations and findings. en-us Wed, 24 Jun 2015 00:00:00 +0530 Sat, 13 Feb 2016 10:05:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271684 The Tribunal disagreed with the Commissioner's findings regarding the appropriation of the deposited amount, the basis of undervaluation allegations, denial of cross-examination, method of valuation, and the involvement of Shri Madan Lalwani. It criticized the Commissioner for various procedural irregularities and lack of evidence supporting the allegations. The Tribunal remanded the case for fresh adjudication, highlighting the importance of adhering to principles of natural justice and correct legal principles of valuation. The appeals were allowed for remand with instructions to consider the Tribunal's observations and findings. Case-Laws Customs Wed, 24 Jun 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271684