https://www.taxtmi.com/caselaws?id=313689 MP HC set aside ITAT order for being non-speaking. Assessee challenged disallowance of income tax paid on deemed income under section 11(3) as deduction. ITAT dismissed appeal with cryptic reasoning stating case was not about change of accounting system, without recording proper reasons for dismissing appeal. HC held ITAT's order violated natural justice principles as reasons form bridge between facts and conclusions. Relying on SC precedent, HC found order lifeless without proper reasoning and set aside ITAT decision for failure to disclose judicial mind. en-us Wed, 17 Nov 2021 00:00:00 +0530 Mon, 29 Apr 2024 18:06:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313689 MP HC set aside ITAT order for being non-speaking. Assessee challenged disallowance of income tax paid on deemed income under section 11(3) as deduction. ITAT dismissed appeal with cryptic reasoning stating case was not about change of accounting system, without recording proper reasons for dismissing appeal. HC held ITAT's order violated natural justice principles as reasons form bridge between facts and conclusions. Relying on SC precedent, HC found order lifeless without proper reasoning and set aside ITAT decision for failure to disclose judicial mind. Case-Laws Income Tax Wed, 17 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313689