https://www.taxtmi.com/caselaws?id=432821 The appeal was allowed for statistical purposes by the Tribunal in a case where the Appellant challenged the addition of Rs. 5,44,65,784 to their total income for the assessment year 2020-21, and the reduction in carry forward losses from Rs. 55,24,98,770 to Rs. 49,80,32,986. The Tribunal found merit in the Appellant's arguments, criticizing the Ld. CIT(A) for not appreciating submissions, misinterpreting provisions, and violating natural justice principles by not providing a virtual hearing. The matter was restored to the Assessing Officer for proper consideration, emphasizing the Appellant's right to be heard. en-us Thu, 29 Dec 2022 00:00:00 +0530 Sat, 14 Jan 2023 06:51:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432821 The appeal was allowed for statistical purposes by the Tribunal in a case where the Appellant challenged the addition of Rs. 5,44,65,784 to their total income for the assessment year 2020-21, and the reduction in carry forward losses from Rs. 55,24,98,770 to Rs. 49,80,32,986. The Tribunal found merit in the Appellant's arguments, criticizing the Ld. CIT(A) for not appreciating submissions, misinterpreting provisions, and violating natural justice principles by not providing a virtual hearing. The matter was restored to the Assessing Officer for proper consideration, emphasizing the Appellant's right to be heard. Case-Laws Income Tax Thu, 29 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432821