https://www.taxtmi.com/caselaws?id=330009 The appeal filed by the revenue was dismissed due to the tax effect being below the prescribed limit set by the Central Board of Director Taxes. Additionally, in the case involving disallowance of purchases as unexplained expenditure, the Tribunal set aside the order of the Commissioner of Income Tax (Appeals) and returned the issue to the Assessing Officer for a fresh consideration. This decision emphasized the importance of providing the assessee with a fair opportunity to present their case, particularly in situations where third-party statements are relied upon without allowing the assessee to cross-examine those parties. en-us Fri, 08 Jul 2016 00:00:00 +0530 Fri, 15 Jul 2016 11:53:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330009 The appeal filed by the revenue was dismissed due to the tax effect being below the prescribed limit set by the Central Board of Director Taxes. Additionally, in the case involving disallowance of purchases as unexplained expenditure, the Tribunal set aside the order of the Commissioner of Income Tax (Appeals) and returned the issue to the Assessing Officer for a fresh consideration. This decision emphasized the importance of providing the assessee with a fair opportunity to present their case, particularly in situations where third-party statements are relied upon without allowing the assessee to cross-examine those parties. Case-Laws Income Tax Fri, 08 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330009