https://www.taxtmi.com/caselaws?id=372201 The tribunal remanded the case to the Assessing Officer, emphasizing the need for the assessee to prove the legitimacy of the transaction involving the sale of a gas agency and the transfer of Rs. 80 lacs to the original owner. The tribunal criticized the Commissioner of Income Tax (Appeal) for not completing proper verification and instructed a fresh adjudication to ensure a fair opportunity for the assessee to present evidence. The Revenue's appeal was allowed for statistical purposes, and the case was sent back to the Assessing Officer for further examination. en-us Wed, 31 Oct 2018 00:00:00 +0530 Wed, 19 Dec 2018 08:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372201 The tribunal remanded the case to the Assessing Officer, emphasizing the need for the assessee to prove the legitimacy of the transaction involving the sale of a gas agency and the transfer of Rs. 80 lacs to the original owner. The tribunal criticized the Commissioner of Income Tax (Appeal) for not completing proper verification and instructed a fresh adjudication to ensure a fair opportunity for the assessee to present evidence. The Revenue's appeal was allowed for statistical purposes, and the case was sent back to the Assessing Officer for further examination. Case-Laws Income Tax Wed, 31 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372201