https://www.taxtmi.com/caselaws?id=402939 The Tribunal remanded the case back to the Assessing Officer for detailed examination on multiple issues. The validity of the assessment notice under section 143(2) was disputed due to ambiguity in the notice's issuance and service date. The addition of unexplained cash credit under section 68 was challenged, with the appellant providing evidence of the amount being earnest money from contractors. The Tribunal emphasized the need for a comprehensive review of evidence before making a decision. The issue of an alleged booking amount received in cash was also remanded for further examination. The appeal was allowed for statistical purposes, highlighting the importance of a fair assessment process and adherence to procedural requirements in tax matters. en-us Wed, 13 Jan 2021 00:00:00 +0530 Fri, 15 Jan 2021 11:07:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402939 The Tribunal remanded the case back to the Assessing Officer for detailed examination on multiple issues. The validity of the assessment notice under section 143(2) was disputed due to ambiguity in the notice's issuance and service date. The addition of unexplained cash credit under section 68 was challenged, with the appellant providing evidence of the amount being earnest money from contractors. The Tribunal emphasized the need for a comprehensive review of evidence before making a decision. The issue of an alleged booking amount received in cash was also remanded for further examination. The appeal was allowed for statistical purposes, highlighting the importance of a fair assessment process and adherence to procedural requirements in tax matters. Case-Laws Income Tax Wed, 13 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402939