https://www.taxtmi.com/caselaws?id=351926 The Tribunal allowed the Revenue's appeal, setting aside the issue to the Assessing Officer for a comprehensive inquiry into the genuineness of transactions and real beneficiaries. The AO was directed to examine the entire trail of transactions, ensuring proper opportunity for the assessee to present evidence, emphasizing the need for a thorough investigation to ascertain the true nature of transactions and any undisclosed income. en-us Thu, 30 Nov 2017 00:00:00 +0530 Mon, 04 Dec 2017 08:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351926 The Tribunal allowed the Revenue's appeal, setting aside the issue to the Assessing Officer for a comprehensive inquiry into the genuineness of transactions and real beneficiaries. The AO was directed to examine the entire trail of transactions, ensuring proper opportunity for the assessee to present evidence, emphasizing the need for a thorough investigation to ascertain the true nature of transactions and any undisclosed income. Case-Laws Income Tax Thu, 30 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351926