https://www.taxtmi.com/caselaws?id=14206 The High Court of Karnataka, in a judgment by M.F. SALDANHA J., addressed the lack of reasoning in the Tribunal's order, emphasizing the duty of the Tribunal to provide well-reasoned decisions. Referring to Lalchand Bhagat Ambica Ram v. CIT [1959] 37 ITR 288 (SC), the Court stressed the importance of clear findings based on evidence. It highlighted that the Tribunal should not rely on suspicions or prejudices and must thoroughly examine all facts. The Court set aside the order, remanding the case to the Tribunal for a fresh decision, emphasizing the need for detailed observations and adherence to judicial principles. en-us Wed, 28 Mar 2001 00:00:00 +0530 Tue, 14 Jul 2009 13:47:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14206 The High Court of Karnataka, in a judgment by M.F. SALDANHA J., addressed the lack of reasoning in the Tribunal's order, emphasizing the duty of the Tribunal to provide well-reasoned decisions. Referring to Lalchand Bhagat Ambica Ram v. CIT [1959] 37 ITR 288 (SC), the Court stressed the importance of clear findings based on evidence. It highlighted that the Tribunal should not rely on suspicions or prejudices and must thoroughly examine all facts. The Court set aside the order, remanding the case to the Tribunal for a fresh decision, emphasizing the need for detailed observations and adherence to judicial principles. Case-Laws Income Tax Wed, 28 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14206