https://www.taxtmi.com/caselaws?id=327780 The Tribunal allowed the Revenue's appeals for statistical purposes, directing the Assessing Officer (AO) to conduct a fresh assessment. The AO was instructed to establish the nature of the assessee's business clearly before making any additions, highlighting the importance of providing the assessee with a proper opportunity to be heard and basing the assessment on substantial evidence. The Tribunal emphasized the need for the AO to determine whether the assessee was a trader or a commission agent, setting aside the matter for re-examination. en-us Thu, 07 Apr 2016 00:00:00 +0530 Thu, 19 May 2016 10:24:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327780 The Tribunal allowed the Revenue's appeals for statistical purposes, directing the Assessing Officer (AO) to conduct a fresh assessment. The AO was instructed to establish the nature of the assessee's business clearly before making any additions, highlighting the importance of providing the assessee with a proper opportunity to be heard and basing the assessment on substantial evidence. The Tribunal emphasized the need for the AO to determine whether the assessee was a trader or a commission agent, setting aside the matter for re-examination. Case-Laws Income Tax Thu, 07 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327780