https://www.taxtmi.com/caselaws?id=394660 The ITAT allowed the appeal, emphasizing the competency of the appeal under Section 249(4)(b) of the Income Tax Act. It directed the CIT(A) to reconsider the appeal on its merits, stressing the importance of fair play. The ITAT highlighted the need for valid reasons in re-assessment proceedings under Section 148 and deemed the addition of cash deposit in the bank account unlawful. Ultimately, the ITAT's decision underscored the significance of jurisdiction and providing fair opportunities in the appeal process. en-us Fri, 13 Mar 2020 00:00:00 +0530 Mon, 20 Apr 2020 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394660 The ITAT allowed the appeal, emphasizing the competency of the appeal under Section 249(4)(b) of the Income Tax Act. It directed the CIT(A) to reconsider the appeal on its merits, stressing the importance of fair play. The ITAT highlighted the need for valid reasons in re-assessment proceedings under Section 148 and deemed the addition of cash deposit in the bank account unlawful. Ultimately, the ITAT's decision underscored the significance of jurisdiction and providing fair opportunities in the appeal process. Case-Laws Income Tax Fri, 13 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394660