https://www.taxtmi.com/caselaws?id=25177 The High Court upheld the Tribunal's decision to delete additions made by the Income-tax Officer concerning hundi credits and interest, as the Income-tax Officer failed to properly examine the bankers as directed by the Appellate Assistant Commissioner. The Court found that the assessee had met its initial burden by producing evidence and that procedural fairness was essential in tax assessments. The judgment favored the assessee, directing the Revenue to bear the costs. en-us Tue, 16 Feb 1988 00:00:00 +0530 Mon, 25 Jan 2010 17:37:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25177 The High Court upheld the Tribunal's decision to delete additions made by the Income-tax Officer concerning hundi credits and interest, as the Income-tax Officer failed to properly examine the bankers as directed by the Appellate Assistant Commissioner. The Court found that the assessee had met its initial burden by producing evidence and that procedural fairness was essential in tax assessments. The judgment favored the assessee, directing the Revenue to bear the costs. Case-Laws Income Tax Tue, 16 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25177