https://www.taxtmi.com/caselaws?id=372366 The ITAT allowed the appeal, directing the matter to be restored to the assessing officer for further examination. The assessing officer was instructed to evaluate the creditworthiness of the lender and the genuineness of the transaction without being influenced by the lender's reported nil income. The ITAT emphasized the importance of a fair assessment process with complete information and proper opportunity for the assessee to be heard. en-us Tue, 13 Nov 2018 00:00:00 +0530 Fri, 21 Dec 2018 07:08:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372366 The ITAT allowed the appeal, directing the matter to be restored to the assessing officer for further examination. The assessing officer was instructed to evaluate the creditworthiness of the lender and the genuineness of the transaction without being influenced by the lender's reported nil income. The ITAT emphasized the importance of a fair assessment process with complete information and proper opportunity for the assessee to be heard. Case-Laws Income Tax Tue, 13 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372366