https://www.taxtmi.com/caselaws?id=366338 The case involved a best judgment assessment under Section 144 of the Income Tax Act, 1961 for the assessment year 2011-12. The Tribunal remanded the issue of 'receipt' to the Assessing Officer for detailed verification and emphasized the need for factual and legal scrutiny. The Tribunal also highlighted the necessity to reexamine the ad hoc deduction issue thoroughly and address the addition made under Section 40(a)(ia) of the Act, providing the appellant/assessee with a fair opportunity to present their case. Despite apprehensions of potential harassment, the Court expressed trust in the Assessing Officer to conduct a fair enquiry and dismissed the appeals, maintaining the remand of issues for fresh decision. en-us Thu, 02 Aug 2018 00:00:00 +0530 Mon, 01 Oct 2018 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366338 The case involved a best judgment assessment under Section 144 of the Income Tax Act, 1961 for the assessment year 2011-12. The Tribunal remanded the issue of 'receipt' to the Assessing Officer for detailed verification and emphasized the need for factual and legal scrutiny. The Tribunal also highlighted the necessity to reexamine the ad hoc deduction issue thoroughly and address the addition made under Section 40(a)(ia) of the Act, providing the appellant/assessee with a fair opportunity to present their case. Despite apprehensions of potential harassment, the Court expressed trust in the Assessing Officer to conduct a fair enquiry and dismissed the appeals, maintaining the remand of issues for fresh decision. Case-Laws Income Tax Thu, 02 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366338