https://www.taxtmi.com/caselaws?id=286637 The Tribunal allowed the Assessee's appeal, finding merit in the contentions regarding lack of opportunity for compliance and failure to consider the Assessee's submissions and evidences. The issues were remitted back to the CIT(A) for fresh consideration with proper opportunity for the Assessee to substantiate their claims. The Tribunal directed the CIT(A) to reevaluate various aspects, including income enhancement, treatment of reserves and surplus, additions under section 68, adequacy of explanations, ownership of land, source of investment, applicability of section 69, and discovery of new income sources. en-us Thu, 31 May 2018 00:00:00 +0530 Sat, 07 Mar 2020 06:55:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286637 The Tribunal allowed the Assessee's appeal, finding merit in the contentions regarding lack of opportunity for compliance and failure to consider the Assessee's submissions and evidences. The issues were remitted back to the CIT(A) for fresh consideration with proper opportunity for the Assessee to substantiate their claims. The Tribunal directed the CIT(A) to reevaluate various aspects, including income enhancement, treatment of reserves and surplus, additions under section 68, adequacy of explanations, ownership of land, source of investment, applicability of section 69, and discovery of new income sources. Case-Laws Income Tax Thu, 31 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286637