https://www.taxtmi.com/caselaws?id=446658 The HC remanded the matter to the Assessing Officer for fresh consideration regarding unexplained investments in share capital of group companies. The Tribunal had dismissed appeals as assessees failed to produce documents proving investments in shares were from explained sources. Assessees contended they were ready to submit relevant documents but couldn't due to multiple related cases being listed on the hearing date. The court accepted this submission and remanded for fresh consideration, leaving questions of law open. en-us Wed, 18 Oct 2023 00:00:00 +0530 Mon, 06 May 2024 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446658 The HC remanded the matter to the Assessing Officer for fresh consideration regarding unexplained investments in share capital of group companies. The Tribunal had dismissed appeals as assessees failed to produce documents proving investments in shares were from explained sources. Assessees contended they were ready to submit relevant documents but couldn't due to multiple related cases being listed on the hearing date. The court accepted this submission and remanded for fresh consideration, leaving questions of law open. Case-Laws Income Tax Wed, 18 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446658