https://www.taxtmi.com/caselaws?id=391353 The Tribunal allowed the appeal for statistical purposes, remitting the matter back to the AO for a fresh assessment. The AO is directed to verify all the evidence and explanations provided by the assessee and adjudicate the issue on merits in accordance with the law, giving proper opportunity to the assessee to be heard. The onus is on the assessee to prove that the sale transaction was a sham. en-us Thu, 23 Jan 2020 00:00:00 +0530 Fri, 13 Mar 2020 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391353 The Tribunal allowed the appeal for statistical purposes, remitting the matter back to the AO for a fresh assessment. The AO is directed to verify all the evidence and explanations provided by the assessee and adjudicate the issue on merits in accordance with the law, giving proper opportunity to the assessee to be heard. The onus is on the assessee to prove that the sale transaction was a sham. Case-Laws Income Tax Thu, 23 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391353