https://www.taxtmi.com/caselaws?id=421403 The ITAT upheld the CIT's order to set aside the assessment and directed the AO to conduct a fresh assessment considering discrepancies in adjustments, share capital examination, and purchase figures. The judgment emphasizes the importance of thorough examination and proper application of law in assessment proceedings to prevent errors and protect revenue interests. en-us Tue, 05 Apr 2022 00:00:00 +0530 Sat, 23 Apr 2022 08:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421403 The ITAT upheld the CIT's order to set aside the assessment and directed the AO to conduct a fresh assessment considering discrepancies in adjustments, share capital examination, and purchase figures. The judgment emphasizes the importance of thorough examination and proper application of law in assessment proceedings to prevent errors and protect revenue interests. Case-Laws Income Tax Tue, 05 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421403