https://www.taxtmi.com/caselaws?id=308673 The Tribunal condoned the delay in filing the appeal due to sufficient cause shown by the assessee. It was found that the Assessing Officer and the ld. CIT(A) had not properly considered the issues on their merits, making ad-hoc additions and disallowances without proper reference to available material. The Tribunal emphasized the need for judicious consideration in best judgment assessments and deleted an incorrect addition made for expenses already recorded in the books. In the interest of natural justice, the assessment was set aside for fresh adjudication by the Assessing Officer, with a directive for the assessee to cooperate in the proceedings. en-us Wed, 08 Nov 2017 00:00:00 +0530 Thu, 13 Jul 2023 07:39:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308673 The Tribunal condoned the delay in filing the appeal due to sufficient cause shown by the assessee. It was found that the Assessing Officer and the ld. CIT(A) had not properly considered the issues on their merits, making ad-hoc additions and disallowances without proper reference to available material. The Tribunal emphasized the need for judicious consideration in best judgment assessments and deleted an incorrect addition made for expenses already recorded in the books. In the interest of natural justice, the assessment was set aside for fresh adjudication by the Assessing Officer, with a directive for the assessee to cooperate in the proceedings. Case-Laws Income Tax Wed, 08 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308673