https://www.taxtmi.com/caselaws?id=399647 The Tribunal set aside the appellate order and remanded the case for reconsideration regarding the interpretation of Section 153A of the Income Tax Act, 1961. The CIT(A) was directed to verify the presence of incriminating material and conduct necessary inquiries. The appeal of the Revenue was allowed for statistical purposes, emphasizing the duty of the appellate authority to ensure effective inquiry and determine the correct taxability of the issue. en-us Tue, 13 Oct 2020 00:00:00 +0530 Thu, 15 Oct 2020 14:52:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399647 The Tribunal set aside the appellate order and remanded the case for reconsideration regarding the interpretation of Section 153A of the Income Tax Act, 1961. The CIT(A) was directed to verify the presence of incriminating material and conduct necessary inquiries. The appeal of the Revenue was allowed for statistical purposes, emphasizing the duty of the appellate authority to ensure effective inquiry and determine the correct taxability of the issue. Case-Laws Income Tax Tue, 13 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399647