https://www.taxtmi.com/caselaws?id=391706 The Tribunal allowed the appeal for statistical purposes and remitted the matter back to the Assessing Officer for a fresh assessment. The Tribunal instructed the AO to re-evaluate the evidence provided by the assessee in accordance with principles established in a similar case. The decision highlighted the importance of conducting a thorough reassessment to determine the genuineness of the paintings and their source of acquisition. en-us Wed, 29 Jan 2020 00:00:00 +0530 Wed, 05 Feb 2020 14:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=391706 The Tribunal allowed the appeal for statistical purposes and remitted the matter back to the Assessing Officer for a fresh assessment. The Tribunal instructed the AO to re-evaluate the evidence provided by the assessee in accordance with principles established in a similar case. The decision highlighted the importance of conducting a thorough reassessment to determine the genuineness of the paintings and their source of acquisition. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=391706