https://www.taxtmi.com/caselaws?id=442045 The High Court set aside the Tribunal's order due to lack of reasoning and clarity, remanding the case for a fresh consideration with proper articulation of reasons. The issue involved the addition of Rs. 3 crores to the appellant's income under Section 68 of the Income Tax Act for the Assessment Year 2008-09. The Tribunal reversed the CIT(A)'s decision without providing reasons, prompting the High Court to answer in favor of the appellant and direct a de novo hearing by the Tribunal. en-us Fri, 04 Aug 2023 00:00:00 +0530 Wed, 23 Aug 2023 09:07:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442045 The High Court set aside the Tribunal's order due to lack of reasoning and clarity, remanding the case for a fresh consideration with proper articulation of reasons. The issue involved the addition of Rs. 3 crores to the appellant's income under Section 68 of the Income Tax Act for the Assessment Year 2008-09. The Tribunal reversed the CIT(A)'s decision without providing reasons, prompting the High Court to answer in favor of the appellant and direct a de novo hearing by the Tribunal. Case-Laws Income Tax Fri, 04 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442045