https://www.taxtmi.com/caselaws?id=386381 The High Court remanded the case to the Assessing Authority for fresh assessment within one year, granting the assessee an opportunity to present relevant evidence. The Court found that the Assessing Authority's inquiries were insufficient, and the assessee failed to adequately rebut adverse material. The matter required further investigation to determine the genuineness of the trade liability. The High Court set aside previous orders and directed a new assessment, with the first appearance scheduled for 23rd October 2019. en-us Thu, 05 Sep 2019 00:00:00 +0530 Fri, 27 Sep 2019 06:41:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386381 The High Court remanded the case to the Assessing Authority for fresh assessment within one year, granting the assessee an opportunity to present relevant evidence. The Court found that the Assessing Authority's inquiries were insufficient, and the assessee failed to adequately rebut adverse material. The matter required further investigation to determine the genuineness of the trade liability. The High Court set aside previous orders and directed a new assessment, with the first appearance scheduled for 23rd October 2019. Case-Laws Income Tax Thu, 05 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386381