https://www.taxtmi.com/caselaws?id=402459 The case involved disallowance of unexplained cash deposits and loans by the assessing officer. The Commissioner of Income Tax (Appeals) erred in not providing a reasonable opportunity for the assessee to be heard and lacked the power to remit the issue back to the assessing officer. The Tribunal remitted the entire appeal back to the assessing officer for fresh consideration, emphasizing the importance of fair hearings and the submission of additional evidence. The appeal of the assessee was treated as allowed for statistical purposes, ensuring a fair opportunity for the assessee throughout the process. en-us Thu, 17 Dec 2020 00:00:00 +0530 Sat, 02 Jan 2021 12:21:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402459 The case involved disallowance of unexplained cash deposits and loans by the assessing officer. The Commissioner of Income Tax (Appeals) erred in not providing a reasonable opportunity for the assessee to be heard and lacked the power to remit the issue back to the assessing officer. The Tribunal remitted the entire appeal back to the assessing officer for fresh consideration, emphasizing the importance of fair hearings and the submission of additional evidence. The appeal of the assessee was treated as allowed for statistical purposes, ensuring a fair opportunity for the assessee throughout the process. Case-Laws Income Tax Thu, 17 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402459