https://www.taxtmi.com/caselaws?id=359308 The Tribunal set aside the CIT(A)'s orders and remanded the cases back to the AO for fresh consideration. The AO was directed to examine the additional evidence provided by the assessee and to allow the assessee to produce the directors of the investor companies along with their books of accounts. The Tribunal emphasized the necessity of a comprehensive review of the identity, creditworthiness, and genuineness of the transactions to ascertain the accurate tax liability. All three appeals by the revenue were allowed for statistical purposes. en-us Mon, 05 Mar 2018 00:00:00 +0530 Fri, 27 Apr 2018 08:16:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359308 The Tribunal set aside the CIT(A)'s orders and remanded the cases back to the AO for fresh consideration. The AO was directed to examine the additional evidence provided by the assessee and to allow the assessee to produce the directors of the investor companies along with their books of accounts. The Tribunal emphasized the necessity of a comprehensive review of the identity, creditworthiness, and genuineness of the transactions to ascertain the accurate tax liability. All three appeals by the revenue were allowed for statistical purposes. Case-Laws Income Tax Mon, 05 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359308