https://www.taxtmi.com/caselaws?id=411277 The ITAT remanded the case back to the CIT(A) for Assessment Year 2004-05 due to the assessee's failure to substantiate share applicants' identity and creditworthiness. The ITAT emphasized the importance of providing the assessee with a fair opportunity to present necessary details and directed the assessee to appear before the CIT(A) without seeking adjournment. The decision aimed to ensure due process and fairness in assessment proceedings, stressing the significance of proper representation and evidence in tax matters. The appeal was allowed for statistical purposes. en-us Mon, 09 Aug 2021 00:00:00 +0530 Sat, 21 Aug 2021 08:32:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=411277 The ITAT remanded the case back to the CIT(A) for Assessment Year 2004-05 due to the assessee's failure to substantiate share applicants' identity and creditworthiness. The ITAT emphasized the importance of providing the assessee with a fair opportunity to present necessary details and directed the assessee to appear before the CIT(A) without seeking adjournment. The decision aimed to ensure due process and fairness in assessment proceedings, stressing the significance of proper representation and evidence in tax matters. The appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 09 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=411277