https://www.taxtmi.com/caselaws?id=402306 The Tribunal found the Assessment Order invalid due to the Assessing Officer's failure to follow CBDT instructions, leading to unsustainable additions. The addition on account of share premium was deemed meritless as the assessee's valuation method was valid. The additions related to unsecured loans were deleted as the assessee provided adequate evidence. The Tribunal criticized the failure to admit crucial additional evidence, emphasizing procedural fairness. The appeal was partly allowed, highlighting the significance of adhering to instructions and due process, resulting in relief for the assessee. en-us Mon, 28 Dec 2020 00:00:00 +0530 Tue, 29 Dec 2020 10:04:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402306 The Tribunal found the Assessment Order invalid due to the Assessing Officer's failure to follow CBDT instructions, leading to unsustainable additions. The addition on account of share premium was deemed meritless as the assessee's valuation method was valid. The additions related to unsecured loans were deleted as the assessee provided adequate evidence. The Tribunal criticized the failure to admit crucial additional evidence, emphasizing procedural fairness. The appeal was partly allowed, highlighting the significance of adhering to instructions and due process, resulting in relief for the assessee. Case-Laws Income Tax Mon, 28 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402306