https://www.taxtmi.com/caselaws?id=403358 The Tribunal remanded the case back to the CIT(A) for a fresh decision after finding the assessment under Section 143(3) of the IT Act for the A.Y. 2012-13 invalid due to lack of proper analysis and violation of natural justice principles. The Tribunal also ordered a re-adjudication at the Assessing Officer stage for additions made based on net profit rate and rejected books of accounts. Additionally, the Tribunal set aside unjustified additions on account of sundry debtors and cash in hand, ruling in favor of the appellant. The interest charged under sections 234A, 234B, and 234C was also deemed highly unjustified, leading to a favorable decision for the appellant on this matter. en-us Thu, 14 Jan 2021 00:00:00 +0530 Mon, 25 Jan 2021 12:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403358 The Tribunal remanded the case back to the CIT(A) for a fresh decision after finding the assessment under Section 143(3) of the IT Act for the A.Y. 2012-13 invalid due to lack of proper analysis and violation of natural justice principles. The Tribunal also ordered a re-adjudication at the Assessing Officer stage for additions made based on net profit rate and rejected books of accounts. Additionally, the Tribunal set aside unjustified additions on account of sundry debtors and cash in hand, ruling in favor of the appellant. The interest charged under sections 234A, 234B, and 234C was also deemed highly unjustified, leading to a favorable decision for the appellant on this matter. Case-Laws Income Tax Thu, 14 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403358