https://www.taxtmi.com/caselaws?id=280205 The Tribunal allowed the appeal for statistical purposes, emphasizing the importance of providing a fair opportunity to the assessee during reassessment proceedings to ensure a just and lawful assessment in accordance with established legal principles. The Tribunal set aside the Ld. CIT(A)'s order and remanded the matter to the AO for a fresh assessment with proper opportunity for the assessee to be heard, citing precedents emphasizing the need for thorough investigations into the source of funds and the obligation of authorities to conduct proper inquiries before finalizing assessments. en-us Tue, 16 Oct 2018 00:00:00 +0530 Thu, 25 Apr 2019 06:29:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280205 The Tribunal allowed the appeal for statistical purposes, emphasizing the importance of providing a fair opportunity to the assessee during reassessment proceedings to ensure a just and lawful assessment in accordance with established legal principles. The Tribunal set aside the Ld. CIT(A)'s order and remanded the matter to the AO for a fresh assessment with proper opportunity for the assessee to be heard, citing precedents emphasizing the need for thorough investigations into the source of funds and the obligation of authorities to conduct proper inquiries before finalizing assessments. Case-Laws Income Tax Tue, 16 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280205