https://www.taxtmi.com/caselaws?id=433751 The Tribunal allowed the appeal in part, directing the Assessing Officer to apply a commission rate of 0.5% instead of 1.8%, reducing the addition by Rs. 4,68,43,464/- for the appellant. The Tribunal found the Commissioner of Income Tax (Appeals) erred in dismissing the appeal without providing a reasoned order and in confirming the Assessing Officer's action despite evidence presented. The appellant's claim of inadequate opportunity to be heard was also considered, with the Tribunal emphasizing procedural fairness. en-us Mon, 06 Feb 2023 00:00:00 +0530 Wed, 08 Feb 2023 07:36:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433751 The Tribunal allowed the appeal in part, directing the Assessing Officer to apply a commission rate of 0.5% instead of 1.8%, reducing the addition by Rs. 4,68,43,464/- for the appellant. The Tribunal found the Commissioner of Income Tax (Appeals) erred in dismissing the appeal without providing a reasoned order and in confirming the Assessing Officer's action despite evidence presented. The appellant's claim of inadequate opportunity to be heard was also considered, with the Tribunal emphasizing procedural fairness. Case-Laws Income Tax Mon, 06 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433751