https://www.taxtmi.com/caselaws?id=420616 The Tribunal dismissed the appeal against the CIT's order under section 263 for the assessment year 2009-2010. The Tribunal directed the Assessing Officer to re-examine the issues raised in the show cause notice, emphasizing the need for a fair hearing and consideration of all contentions and evidence during reassessment and appellate proceedings. The Tribunal clarified that the AO had not rejected the books of account but had made disallowances based on insufficient documentation, and upheld the CIT's decision to set aside the assessment order for further review. en-us Tue, 29 Mar 2022 00:00:00 +0530 Wed, 06 Apr 2022 09:09:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420616 The Tribunal dismissed the appeal against the CIT's order under section 263 for the assessment year 2009-2010. The Tribunal directed the Assessing Officer to re-examine the issues raised in the show cause notice, emphasizing the need for a fair hearing and consideration of all contentions and evidence during reassessment and appellate proceedings. The Tribunal clarified that the AO had not rejected the books of account but had made disallowances based on insufficient documentation, and upheld the CIT's decision to set aside the assessment order for further review. Case-Laws Income Tax Tue, 29 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420616