https://www.taxtmi.com/caselaws?id=422866 The Appellate Tribunal, Kolkata, allowed nine appeals by the Revenue against the orders of the Commissioner of Income Tax (Appeals), setting aside the decisions and restoring the cases to the Assessing Officer for fresh assessment. The Tribunal emphasized the importance of a thorough investigation due to significant revenue and case complexity, directing a re-examination by the Assessing Officer for a comprehensive assessment based on verified information. The restoration for de novo assessment aimed to address issues concerning net profit computation, expense allowance, and Cash Book acceptance, ensuring a fair and accurate assessment process in compliance with tax laws. en-us Wed, 30 Mar 2022 00:00:00 +0530 Tue, 24 May 2022 08:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422866 The Appellate Tribunal, Kolkata, allowed nine appeals by the Revenue against the orders of the Commissioner of Income Tax (Appeals), setting aside the decisions and restoring the cases to the Assessing Officer for fresh assessment. The Tribunal emphasized the importance of a thorough investigation due to significant revenue and case complexity, directing a re-examination by the Assessing Officer for a comprehensive assessment based on verified information. The restoration for de novo assessment aimed to address issues concerning net profit computation, expense allowance, and Cash Book acceptance, ensuring a fair and accurate assessment process in compliance with tax laws. Case-Laws Income Tax Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422866