https://www.taxtmi.com/caselaws?id=377529 The Court concluded that the matter should be remanded back to the Assessing Authority for a fresh inquiry. The Assessing Authority is directed to conduct an independent assessment, considering all adverse materials and giving the Assessee a reasonable opportunity to respond. The Tribunal's reliance on the earlier remand order and the criminal acquittal was deemed insufficient grounds for setting aside the assessment. The appeal of the Revenue was disposed of with these observations, and the questions of law were answered accordingly. No order as to costs was made. en-us Thu, 28 Feb 2019 00:00:00 +0530 Fri, 13 Dec 2019 16:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377529 The Court concluded that the matter should be remanded back to the Assessing Authority for a fresh inquiry. The Assessing Authority is directed to conduct an independent assessment, considering all adverse materials and giving the Assessee a reasonable opportunity to respond. The Tribunal's reliance on the earlier remand order and the criminal acquittal was deemed insufficient grounds for setting aside the assessment. The appeal of the Revenue was disposed of with these observations, and the questions of law were answered accordingly. No order as to costs was made. Case-Laws Income Tax Thu, 28 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377529