https://www.taxtmi.com/caselaws?id=311531 The ITAT COCHIN heard appeals from three independent assessees regarding assessments under section 153C of the IT Act, linked to a search at the residence of the trusts' founders. The Tribunal decided to remand the cases back to the AO for reconsideration, as the assessments were interconnected with a prior case involving the founder, where a lack of fair opportunity was noted. The CIT(A)'s orders were set aside, and the AO was directed to reevaluate based on new material, ensuring fairness. All appeals were allowed for statistical purposes. en-us Wed, 10 Jul 2013 00:00:00 +0530 Sat, 30 Dec 2023 10:03:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311531 The ITAT COCHIN heard appeals from three independent assessees regarding assessments under section 153C of the IT Act, linked to a search at the residence of the trusts' founders. The Tribunal decided to remand the cases back to the AO for reconsideration, as the assessments were interconnected with a prior case involving the founder, where a lack of fair opportunity was noted. The CIT(A)'s orders were set aside, and the AO was directed to reevaluate based on new material, ensuring fairness. All appeals were allowed for statistical purposes. Case-Laws Income Tax Wed, 10 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311531