https://www.taxtmi.com/caselaws?id=436873 The High Court annulled the Tribunal's decisions and remanded the cases to the Assessing Officer for fresh adjudication on the merits, emphasizing compliance with legal standards and providing the respondents an opportunity to present their case. The Court determined that the amounts received by the respondents constituted undisclosed income subject to taxation, notwithstanding the amalgamation. The Court mandated the completion of the new assessment within 90 days from the date of receipt of the order, allowing the appeals by way of remand without imposing costs. en-us Wed, 05 Apr 2023 00:00:00 +0530 Tue, 26 Nov 2024 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436873 The High Court annulled the Tribunal's decisions and remanded the cases to the Assessing Officer for fresh adjudication on the merits, emphasizing compliance with legal standards and providing the respondents an opportunity to present their case. The Court determined that the amounts received by the respondents constituted undisclosed income subject to taxation, notwithstanding the amalgamation. The Court mandated the completion of the new assessment within 90 days from the date of receipt of the order, allowing the appeals by way of remand without imposing costs. Case-Laws Income Tax Wed, 05 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436873