https://www.taxtmi.com/caselaws?id=360449 The Tribunal directed a re-decision on additions made under sections 68 and 37 of the Income Tax Act, emphasizing the importance of providing reasonable opportunities for both the assessee and the Assessing Officer to present their cases. The judgment stressed the necessity of following principles of natural justice in tax proceedings, ensuring fairness and proper consideration of evidence at all stages of the appeal process. The Tribunal set aside the CIT(A)'s order and directed a re-decision with adequate opportunity for both parties, allowing the Revenue's appeal for statistical purposes. en-us Mon, 14 May 2018 00:00:00 +0530 Tue, 15 May 2018 10:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360449 The Tribunal directed a re-decision on additions made under sections 68 and 37 of the Income Tax Act, emphasizing the importance of providing reasonable opportunities for both the assessee and the Assessing Officer to present their cases. The judgment stressed the necessity of following principles of natural justice in tax proceedings, ensuring fairness and proper consideration of evidence at all stages of the appeal process. The Tribunal set aside the CIT(A)'s order and directed a re-decision with adequate opportunity for both parties, allowing the Revenue's appeal for statistical purposes. Case-Laws Income Tax Mon, 14 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360449