https://www.taxtmi.com/caselaws?id=403246 The Tribunal allowed the appeal filed by the assessee for statistical purposes and remanded the case back to the Assessing Officer (A.O.). The A.O. was directed to consider the cash withdrawals, financial statements, and audit reports that were not properly evaluated by the CIT(A). The Tribunal emphasized the importance of justice and equity, granting the assessee another opportunity to cooperate with the Revenue and provide necessary details for a fresh assessment. en-us Wed, 20 Jan 2021 00:00:00 +0530 Fri, 22 Jan 2021 11:31:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403246 The Tribunal allowed the appeal filed by the assessee for statistical purposes and remanded the case back to the Assessing Officer (A.O.). The A.O. was directed to consider the cash withdrawals, financial statements, and audit reports that were not properly evaluated by the CIT(A). The Tribunal emphasized the importance of justice and equity, granting the assessee another opportunity to cooperate with the Revenue and provide necessary details for a fresh assessment. Case-Laws Income Tax Wed, 20 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403246