https://www.taxtmi.com/caselaws?id=333292 The Tribunal allowed the Revenue's appeal against the Order of the Commissioner of Income Tax (Appeals) concerning the assessment for the year 2008-09 due to the absence of representation by the assessee during the hearing. The dispute over the liability to trade creditors was analyzed, with the Tribunal emphasizing the need for a thorough inquiry into payment sources and recording of liabilities. The matter was remanded to the Assessing Officer for proper determination, providing the assessee an opportunity to present its case. en-us Fri, 15 Jul 2016 00:00:00 +0530 Sat, 08 Oct 2016 14:40:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333292 The Tribunal allowed the Revenue's appeal against the Order of the Commissioner of Income Tax (Appeals) concerning the assessment for the year 2008-09 due to the absence of representation by the assessee during the hearing. The dispute over the liability to trade creditors was analyzed, with the Tribunal emphasizing the need for a thorough inquiry into payment sources and recording of liabilities. The matter was remanded to the Assessing Officer for proper determination, providing the assessee an opportunity to present its case. Case-Laws Income Tax Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333292