https://www.taxtmi.com/caselaws?id=399541 The Court allowed the Tax Case Appeal, setting aside the Tribunal's order and ruling in favor of the appellant. The Court emphasized the Assessing Officer's duty to consider the genuineness of transactions based on consistent treatment and appropriate explanations provided by the assessee. The decision highlighted procedural fairness and adherence to legal principles, ultimately favoring the appellant based on principles of fairness and consistency in tax assessments. en-us Mon, 31 Aug 2020 00:00:00 +0530 Tue, 13 Oct 2020 15:52:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399541 The Court allowed the Tax Case Appeal, setting aside the Tribunal's order and ruling in favor of the appellant. The Court emphasized the Assessing Officer's duty to consider the genuineness of transactions based on consistent treatment and appropriate explanations provided by the assessee. The decision highlighted procedural fairness and adherence to legal principles, ultimately favoring the appellant based on principles of fairness and consistency in tax assessments. Case-Laws Income Tax Mon, 31 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399541