https://www.taxtmi.com/caselaws?id=374303 The Court ruled in favor of the assessee, finding that the Tribunal failed to adequately consider the grounds and arguments presented. The Tribunal's acceptance of the Commissioner of Income Tax (Appeals) conclusion without proper reassessment was deemed incorrect. The Court directed the Tribunal to reconsider the matter afresh. Additionally, the Court found that the Tribunal did not properly address the plea of the assessee regarding the assumption of jurisdiction under Section-147 of the Income-tax Act, leading to a miscarriage of justice. Both substantial questions of law were decided in favor of the assessee, and the matter was remanded to the Tribunal for a fresh consideration. en-us Tue, 20 Nov 2018 00:00:00 +0530 Wed, 30 Jan 2019 08:20:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374303 The Court ruled in favor of the assessee, finding that the Tribunal failed to adequately consider the grounds and arguments presented. The Tribunal's acceptance of the Commissioner of Income Tax (Appeals) conclusion without proper reassessment was deemed incorrect. The Court directed the Tribunal to reconsider the matter afresh. Additionally, the Court found that the Tribunal did not properly address the plea of the assessee regarding the assumption of jurisdiction under Section-147 of the Income-tax Act, leading to a miscarriage of justice. Both substantial questions of law were decided in favor of the assessee, and the matter was remanded to the Tribunal for a fresh consideration. Case-Laws Income Tax Tue, 20 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374303