https://www.taxtmi.com/caselaws?id=423806 The ITAT allowed the appeal for statistical purposes, directing the CIT(A) to decide the appeal afresh after providing the appellant with a fair opportunity to be heard. The ITAT emphasized the importance of proper notice service, thorough examination of facts for the applicability of Section 68, establishing genuineness and creditworthiness of transactions, accurate computation of tax liability, and correct calculation of surcharge, cess, and interest. The appellant was granted the flexibility to alter, amend, or modify grounds of appeal as necessary. en-us Mon, 13 Jun 2022 00:00:00 +0530 Wed, 15 Jun 2022 09:19:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423806 The ITAT allowed the appeal for statistical purposes, directing the CIT(A) to decide the appeal afresh after providing the appellant with a fair opportunity to be heard. The ITAT emphasized the importance of proper notice service, thorough examination of facts for the applicability of Section 68, establishing genuineness and creditworthiness of transactions, accurate computation of tax liability, and correct calculation of surcharge, cess, and interest. The appellant was granted the flexibility to alter, amend, or modify grounds of appeal as necessary. Case-Laws Income Tax Mon, 13 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423806