https://www.taxtmi.com/caselaws?id=376125 The Tribunal allowed the appeal for statistical purposes and remanded the matter to the AO for de novo assessment. The decision was based on the lack of proper opportunity given to the assessee during reassessment, emphasizing the need for a detailed inquiry to establish the genuineness of transactions and creditworthiness of parties. The Tribunal cited legal precedents and highlighted the importance of providing a reasonable opportunity to the assessee. en-us Wed, 27 Feb 2019 00:00:00 +0530 Sun, 03 Mar 2019 21:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=376125 The Tribunal allowed the appeal for statistical purposes and remanded the matter to the AO for de novo assessment. The decision was based on the lack of proper opportunity given to the assessee during reassessment, emphasizing the need for a detailed inquiry to establish the genuineness of transactions and creditworthiness of parties. The Tribunal cited legal precedents and highlighted the importance of providing a reasonable opportunity to the assessee. Case-Laws Income Tax Wed, 27 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=376125