https://www.taxtmi.com/caselaws?id=412866 The Tribunal upheld the CIT's order under Section 263, directing the AO to re-examine issues related to cash deposits and funds for property purchase. The AO's failure to document the basis for conclusions rendered the assessment order erroneous and prejudicial to Revenue. The appeal was dismissed, affirming the CIT's directive for a fresh examination of the issues. en-us Thu, 23 Sep 2021 00:00:00 +0530 Wed, 29 Sep 2021 11:03:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412866 The Tribunal upheld the CIT's order under Section 263, directing the AO to re-examine issues related to cash deposits and funds for property purchase. The AO's failure to document the basis for conclusions rendered the assessment order erroneous and prejudicial to Revenue. The appeal was dismissed, affirming the CIT's directive for a fresh examination of the issues. Case-Laws Income Tax Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412866