https://www.taxtmi.com/caselaws?id=299400 The Tribunal set aside the assessment order for A.Y. 2011-12 due to insufficient opportunity granted to the assessee to present its case adequately. The Tribunal found that the estimation of gross profit by the Assessing Officer was arbitrary and lacked legal significance. Despite the assessee providing details and producing books of accounts, the assessment order did not consider these submissions, leading to a violation of natural justice principles. The case was remanded for fresh adjudication to ensure fair assessment procedures in compliance with the law. en-us Thu, 05 Jan 2017 00:00:00 +0530 Tue, 14 Dec 2021 08:38:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299400 The Tribunal set aside the assessment order for A.Y. 2011-12 due to insufficient opportunity granted to the assessee to present its case adequately. The Tribunal found that the estimation of gross profit by the Assessing Officer was arbitrary and lacked legal significance. Despite the assessee providing details and producing books of accounts, the assessment order did not consider these submissions, leading to a violation of natural justice principles. The case was remanded for fresh adjudication to ensure fair assessment procedures in compliance with the law. Case-Laws Income Tax Thu, 05 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299400