https://www.taxtmi.com/caselaws?id=332946 The appellant successfully challenged the assessment of their income at a higher amount than returned, citing gradual payments over eight years. The Tribunal found the Income Tax Officer's failure to consider the payment history and family involvement resulted in an inaccurate assessment, leading to setting aside the order for reassessment. The dispute over treating a sum as income from undisclosed sources was also resolved in favor of the appellant, emphasizing the legitimacy of loans given over the years. The Commissioner of Income Tax (Appeals) order was deemed illegal, necessitating a fresh assessment by the Assessing Officer to ensure a fair opportunity for the appellant to present their case. en-us Fri, 19 Aug 2016 00:00:00 +0530 Fri, 30 Sep 2016 07:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332946 The appellant successfully challenged the assessment of their income at a higher amount than returned, citing gradual payments over eight years. The Tribunal found the Income Tax Officer's failure to consider the payment history and family involvement resulted in an inaccurate assessment, leading to setting aside the order for reassessment. The dispute over treating a sum as income from undisclosed sources was also resolved in favor of the appellant, emphasizing the legitimacy of loans given over the years. The Commissioner of Income Tax (Appeals) order was deemed illegal, necessitating a fresh assessment by the Assessing Officer to ensure a fair opportunity for the appellant to present their case. Case-Laws Income Tax Fri, 19 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332946