https://www.taxtmi.com/caselaws?id=427105 The tribunal allowed the appeal for statistical purposes, setting aside the assessment and remanding the case to the Assessing Officer for a fresh assessment. The tribunal emphasized the assessee's responsibility to substantiate the sources of investments and income, directing the AO to provide ample opportunity for the assessee to present evidence during the denovo assessment proceedings. The decision aimed to ensure proper assessment in compliance with tax laws and accurate taxation of the income. en-us Tue, 30 Aug 2022 00:00:00 +0530 Thu, 01 Sep 2022 10:51:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427105 The tribunal allowed the appeal for statistical purposes, setting aside the assessment and remanding the case to the Assessing Officer for a fresh assessment. The tribunal emphasized the assessee's responsibility to substantiate the sources of investments and income, directing the AO to provide ample opportunity for the assessee to present evidence during the denovo assessment proceedings. The decision aimed to ensure proper assessment in compliance with tax laws and accurate taxation of the income. Case-Laws Income Tax Tue, 30 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427105