https://www.taxtmi.com/caselaws?id=765501 The Tribunal set aside the order of the CIT(A) and remanded the case for reconsideration, emphasizing procedural fairness. The appellant argued procedural violations and misclassification of business transactions by the AO. The Tribunal found that the appellant was not given adequate opportunity to present evidence and counter the AO's findings. Consequently, the Tribunal directed the CIT(A) to conduct a fresh hearing, allowing the appellant another chance to substantiate claims regarding unexplained deposits and business transactions, ensuring a fair assessment process. The appeal was allowed for statistical purposes. en-us Thu, 30 Jan 2025 00:00:00 +0530 Sat, 01 Feb 2025 08:41:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765501 The Tribunal set aside the order of the CIT(A) and remanded the case for reconsideration, emphasizing procedural fairness. The appellant argued procedural violations and misclassification of business transactions by the AO. The Tribunal found that the appellant was not given adequate opportunity to present evidence and counter the AO's findings. Consequently, the Tribunal directed the CIT(A) to conduct a fresh hearing, allowing the appellant another chance to substantiate claims regarding unexplained deposits and business transactions, ensuring a fair assessment process. The appeal was allowed for statistical purposes. Case-Laws Income Tax Thu, 30 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765501