https://www.taxtmi.com/caselaws?id=407370 The Tribunal remanded the case back to the tax authorities due to significant lapses in handling the matter, emphasizing the need for fairness and impartiality. The tax officials were criticized for not conducting a proper enquiry and relying on unverified evidence. The Tribunal directed the authorities to address specific issues raised by the assessee, including identifying the real beneficiary of the transactions. Additionally, the importance of robust and transparent mechanisms in the banking sector was highlighted, suggesting the establishment of a TAX ADVISORY CELL to promote a citizen-friendly tax environment. en-us Fri, 30 Apr 2021 00:00:00 +0530 Sat, 08 May 2021 08:18:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407370 The Tribunal remanded the case back to the tax authorities due to significant lapses in handling the matter, emphasizing the need for fairness and impartiality. The tax officials were criticized for not conducting a proper enquiry and relying on unverified evidence. The Tribunal directed the authorities to address specific issues raised by the assessee, including identifying the real beneficiary of the transactions. Additionally, the importance of robust and transparent mechanisms in the banking sector was highlighted, suggesting the establishment of a TAX ADVISORY CELL to promote a citizen-friendly tax environment. Case-Laws Income Tax Fri, 30 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407370