https://www.taxtmi.com/caselaws?id=404576 The Tribunal allowed the appeals for statistical purposes, directing a fresh assessment by the CIT(A) after ensuring the Assessee had a fair opportunity to present its case and submit evidence. The Tribunal emphasized the need for clarity on payment sources and compliance with relevant sections in computing profit under section 28 of the Income Tax Act. The impugned order was set aside, and the matter was remanded for a fresh decision, highlighting the importance of the Assessee being heard before the CIT(A). en-us Mon, 18 Jan 2021 00:00:00 +0530 Fri, 26 Feb 2021 09:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404576 The Tribunal allowed the appeals for statistical purposes, directing a fresh assessment by the CIT(A) after ensuring the Assessee had a fair opportunity to present its case and submit evidence. The Tribunal emphasized the need for clarity on payment sources and compliance with relevant sections in computing profit under section 28 of the Income Tax Act. The impugned order was set aside, and the matter was remanded for a fresh decision, highlighting the importance of the Assessee being heard before the CIT(A). Case-Laws Income Tax Mon, 18 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404576