https://www.taxtmi.com/caselaws?id=20683 The High Court found the Appellate Tribunal's decision to annul the assessment arbitrary due to lack of clarity and failure to address critical aspects. The Court directed the Tribunal to reconsider the case, emphasizing the importance of proper assessment based on available evidence and legal considerations. The judgment highlighted the necessity of addressing material facts, such as the source of investments and compliance with legal requirements, to ensure a fair and lawful assessment process. en-us Thu, 18 Mar 1993 00:00:00 +0530 Mon, 16 Nov 2009 15:39:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20683 The High Court found the Appellate Tribunal's decision to annul the assessment arbitrary due to lack of clarity and failure to address critical aspects. The Court directed the Tribunal to reconsider the case, emphasizing the importance of proper assessment based on available evidence and legal considerations. The judgment highlighted the necessity of addressing material facts, such as the source of investments and compliance with legal requirements, to ensure a fair and lawful assessment process. Case-Laws Income Tax Thu, 18 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20683