https://www.taxtmi.com/caselaws?id=342733 The Tribunal remanded the case back to the CIT(A) for further examination, highlighting the lack of conclusive evidence linking the bank deposits to the assessee company. Emphasizing the necessity for independent investigation and corroboration of statements, the Tribunal directed the CIT(A) to seek records from the Investigation Wing, allowing for detailed explanations and verification of transactions through cross-examination. The appeal was allowed for statistical purposes, with instructions for a comprehensive reevaluation based on the detailed guidance provided. en-us Mon, 01 May 2017 00:00:00 +0530 Thu, 11 May 2017 07:09:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342733 The Tribunal remanded the case back to the CIT(A) for further examination, highlighting the lack of conclusive evidence linking the bank deposits to the assessee company. Emphasizing the necessity for independent investigation and corroboration of statements, the Tribunal directed the CIT(A) to seek records from the Investigation Wing, allowing for detailed explanations and verification of transactions through cross-examination. The appeal was allowed for statistical purposes, with instructions for a comprehensive reevaluation based on the detailed guidance provided. Case-Laws Income Tax Mon, 01 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342733