https://www.taxtmi.com/caselaws?id=407979 The Tribunal remanded the appeal back to the Assessing Officer for fresh adjudication as the lower authorities had disregarded documentary evidence proving the identity, creditworthiness of the lender, and genuineness of the loan transaction. The Assessing Officer was directed to examine all evidence, allow for additional submissions, provide a reasonable opportunity for the assessee to be heard, and the assessee's grounds were allowed for statistical purposes. Consequently, the appeal of the assessee was allowed for statistical purposes, with the order pronounced on 13/05/2021. en-us Thu, 13 May 2021 00:00:00 +0530 Thu, 27 May 2021 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407979 The Tribunal remanded the appeal back to the Assessing Officer for fresh adjudication as the lower authorities had disregarded documentary evidence proving the identity, creditworthiness of the lender, and genuineness of the loan transaction. The Assessing Officer was directed to examine all evidence, allow for additional submissions, provide a reasonable opportunity for the assessee to be heard, and the assessee's grounds were allowed for statistical purposes. Consequently, the appeal of the assessee was allowed for statistical purposes, with the order pronounced on 13/05/2021. Case-Laws Income Tax Thu, 13 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407979