https://www.taxtmi.com/caselaws?id=459449 ITAT DELHI allowed the assessee's appeal for statistical purposes after finding that the CIT(A) failed to pass a proper speaking order. The AO had made an ex parte assessment under section 144, estimating gross profit at 8% of contract and hire receipts without affording proper hearing opportunity to the assessee. The CIT(A) confirmed the addition without providing cogent material or independent findings. The tribunal held that orders unsupported by reasons are not valid judgments in law, and the CIT(A) should have properly considered both parties' arguments before making independent findings. en-us Fri, 09 Jan 2015 00:00:00 +0530 Fri, 13 Dec 2024 19:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459449 ITAT DELHI allowed the assessee's appeal for statistical purposes after finding that the CIT(A) failed to pass a proper speaking order. The AO had made an ex parte assessment under section 144, estimating gross profit at 8% of contract and hire receipts without affording proper hearing opportunity to the assessee. The CIT(A) confirmed the addition without providing cogent material or independent findings. The tribunal held that orders unsupported by reasons are not valid judgments in law, and the CIT(A) should have properly considered both parties' arguments before making independent findings. Case-Laws Income Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459449