https://www.taxtmi.com/caselaws?id=182981 The Tribunal allowed all eleven appeals for statistical purposes, emphasizing the need for proper verification of facts and adherence to principles of natural justice in the assessment proceedings. The case involved confirmation of additions made by the Assessing Officer under section 68 of the Act, application of section 69A, lack of reasonable opportunity of hearing, treatment of Short Term Capital Gain as business income, and the necessity for further verification of transactional facts. The Tribunal directed the issue to be restored back to the AO for proper investigation and required the appellant to provide necessary information within 30 days for verification. en-us Fri, 21 Jun 2013 00:00:00 +0530 Wed, 25 May 2016 15:53:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182981 The Tribunal allowed all eleven appeals for statistical purposes, emphasizing the need for proper verification of facts and adherence to principles of natural justice in the assessment proceedings. The case involved confirmation of additions made by the Assessing Officer under section 68 of the Act, application of section 69A, lack of reasonable opportunity of hearing, treatment of Short Term Capital Gain as business income, and the necessity for further verification of transactional facts. The Tribunal directed the issue to be restored back to the AO for proper investigation and required the appellant to provide necessary information within 30 days for verification. Case-Laws Income Tax Fri, 21 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182981