https://www.taxtmi.com/caselaws?id=402761 The Tribunal set aside the matter to the file of the CIT(A) for a fresh decision after providing an opportunity of being heard to the assessee due to the lack of a reasonable opportunity provided by the assessing officer. The Tribunal directed the CIT(A) to reevaluate the matter considering the indexed value of the cost of purchase and allowed the appeal for statistical purposes. The importance of providing timely documentary evidence for TDS deductions was emphasized, and the appeal was allowed for statistical purposes regarding the penalty initiation error. The Tribunal stressed the need for the assessee's presence in proceedings and participation to ensure a fair decision-making process. en-us Tue, 08 Sep 2020 00:00:00 +0530 Tue, 12 Jan 2021 13:32:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402761 The Tribunal set aside the matter to the file of the CIT(A) for a fresh decision after providing an opportunity of being heard to the assessee due to the lack of a reasonable opportunity provided by the assessing officer. The Tribunal directed the CIT(A) to reevaluate the matter considering the indexed value of the cost of purchase and allowed the appeal for statistical purposes. The importance of providing timely documentary evidence for TDS deductions was emphasized, and the appeal was allowed for statistical purposes regarding the penalty initiation error. The Tribunal stressed the need for the assessee's presence in proceedings and participation to ensure a fair decision-making process. Case-Laws Income Tax Tue, 08 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402761