https://www.taxtmi.com/caselaws?id=404676 The appeal was dismissed by the CIT(A) due to non-appearance during the COVID-19 pandemic. The Tribunal remanded the matter back to the CIT(A) for a fresh decision after noting that the assessee was not given a fair opportunity to be heard. The Tribunal found errors in the assessment process and the basis for additions made by authorities, leading to the appeal being allowed for statistical purposes. Additionally, the Tribunal deemed the application of section 56(2)(vii)(b) on stamp duty valuation as unsustainable. The decision was made to provide the assessee with another hearing opportunity in compliance with principles of natural justice. en-us Wed, 24 Feb 2021 00:00:00 +0530 Mon, 01 Mar 2021 10:23:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404676 The appeal was dismissed by the CIT(A) due to non-appearance during the COVID-19 pandemic. The Tribunal remanded the matter back to the CIT(A) for a fresh decision after noting that the assessee was not given a fair opportunity to be heard. The Tribunal found errors in the assessment process and the basis for additions made by authorities, leading to the appeal being allowed for statistical purposes. Additionally, the Tribunal deemed the application of section 56(2)(vii)(b) on stamp duty valuation as unsustainable. The decision was made to provide the assessee with another hearing opportunity in compliance with principles of natural justice. Case-Laws Income Tax Wed, 24 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404676