https://www.taxtmi.com/caselaws?id=436788 Ex parte professional income assessment may be revised on a reasonable basis where the assessee's explanation and supporting material were not properly considered. The Tribunal noted that the assessee, engaged in professional consultancy, had placed written submissions and documents before the first appellate authority, but these were not duly examined; it therefore directed estimation of professional receipts at 8% of gross receipts. The Tribunal also directed a fresh assessment after allowing TDS credit and considering eligible deductions under Chapter VIA, so statutory credits and deductions are examined in the de novo proceedings. en-us Tue, 18 Apr 2023 00:00:00 +0530 Thu, 20 Apr 2023 10:02:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436788 Ex parte professional income assessment may be revised on a reasonable basis where the assessee's explanation and supporting material were not properly considered. The Tribunal noted that the assessee, engaged in professional consultancy, had placed written submissions and documents before the first appellate authority, but these were not duly examined; it therefore directed estimation of professional receipts at 8% of gross receipts. The Tribunal also directed a fresh assessment after allowing TDS credit and considering eligible deductions under Chapter VIA, so statutory credits and deductions are examined in the de novo proceedings. Case-Laws Income Tax Tue, 18 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436788