https://www.taxtmi.com/caselaws?id=395268 The tribunal partly allowed both appeals, remanding the matters back to the AO for fresh adjudication. The additions to the income on account of unexplained investments and capital account were to be reassessed with proper consideration of evidence. The denial of deduction under section 80C was upheld, and the issue of interest levy was to be addressed post-reassessment. The tribunal emphasized ensuring a fair hearing and adherence to principles of natural justice throughout the reassessment process. en-us Tue, 05 May 2020 00:00:00 +0530 Thu, 14 May 2020 12:47:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395268 The tribunal partly allowed both appeals, remanding the matters back to the AO for fresh adjudication. The additions to the income on account of unexplained investments and capital account were to be reassessed with proper consideration of evidence. The denial of deduction under section 80C was upheld, and the issue of interest levy was to be addressed post-reassessment. The tribunal emphasized ensuring a fair hearing and adherence to principles of natural justice throughout the reassessment process. Case-Laws Income Tax Tue, 05 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395268