https://www.taxtmi.com/caselaws?id=272034 The Tribunal partly allowed the appeals, directing the AO to reexamine and verify various issues. The Tribunal emphasized the necessity of conducting proper inquiries and substantiating claims, highlighting the significance of documentary evidence and due process in tax assessments. The AO was instructed to reassess the agricultural income, disallowance under Section 80C, additions based on agreements of sale and promissory notes, and the claim of interest on the bank overdraft. The Tribunal's decision focused on ensuring thorough examination and verification of the disputed matters. en-us Wed, 20 Jan 2016 00:00:00 +0530 Thu, 25 Feb 2016 08:51:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272034 The Tribunal partly allowed the appeals, directing the AO to reexamine and verify various issues. The Tribunal emphasized the necessity of conducting proper inquiries and substantiating claims, highlighting the significance of documentary evidence and due process in tax assessments. The AO was instructed to reassess the agricultural income, disallowance under Section 80C, additions based on agreements of sale and promissory notes, and the claim of interest on the bank overdraft. The Tribunal's decision focused on ensuring thorough examination and verification of the disputed matters. Case-Laws Income Tax Wed, 20 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272034