https://www.taxtmi.com/caselaws?id=402934 The Tribunal remanded the case back to the CIT (A) for a decision on the assessment of loss, emphasizing the importance of granting the assessee a proper opportunity of hearing and following principles of natural justice. The disallowance of expenses by the Assessing Officer was found to be unjustified, with the Tribunal highlighting inadequately supported allegations and inconsistencies in justifications. The Tribunal stressed the necessity of providing a fair opportunity of hearing to the assessee and making decisions based on merits. The appeal was partly allowed for statistical purposes. en-us Wed, 25 Nov 2020 00:00:00 +0530 Fri, 15 Jan 2021 11:07:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402934 The Tribunal remanded the case back to the CIT (A) for a decision on the assessment of loss, emphasizing the importance of granting the assessee a proper opportunity of hearing and following principles of natural justice. The disallowance of expenses by the Assessing Officer was found to be unjustified, with the Tribunal highlighting inadequately supported allegations and inconsistencies in justifications. The Tribunal stressed the necessity of providing a fair opportunity of hearing to the assessee and making decisions based on merits. The appeal was partly allowed for statistical purposes. Case-Laws Income Tax Wed, 25 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402934