https://www.taxtmi.com/caselaws?id=395673 The Tribunal set aside the order of the CIT(A) and remitted the matter back to the AO for de novo adjudication, emphasizing the need for a thorough re-evaluation of the facts. The Tribunal found inconsistencies in the assessee's submissions and directed the AO to reassess the claim, considering the Tribunal's observations. The appeal was allowed for statistical purposes, and the Tribunal noted the delay in pronouncement due to the COVID-19 pandemic, excluding the lockdown period from the limitation period under Rule 34(5) of the Income Tax (Appellate Tribunal) Rules, 1963. en-us Tue, 26 May 2020 00:00:00 +0530 Wed, 06 Nov 2024 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395673 The Tribunal set aside the order of the CIT(A) and remitted the matter back to the AO for de novo adjudication, emphasizing the need for a thorough re-evaluation of the facts. The Tribunal found inconsistencies in the assessee's submissions and directed the AO to reassess the claim, considering the Tribunal's observations. The appeal was allowed for statistical purposes, and the Tribunal noted the delay in pronouncement due to the COVID-19 pandemic, excluding the lockdown period from the limitation period under Rule 34(5) of the Income Tax (Appellate Tribunal) Rules, 1963. Case-Laws Income Tax Tue, 26 May 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395673