https://www.taxtmi.com/caselaws?id=770537 The ITAT Mumbai held that the CIT(A) erred in dismissing the assessee's appeal regarding reassessment proceedings and bogus LTCG without proper consideration of submissions and evidence. The CIT(A) failed to examine merits, instead relying solely on Calcutta HC precedent in Swati Bajaj case, demonstrating a prejudiced approach. The ITAT found the CIT(A) violated Section 250(6) obligations by not providing a speaking order stating points for determination, decisions, and reasons. The appellate authority cannot dismiss appeals summarily without detailed reasoning on each ground. The appeal was allowed for statistical purposes, emphasizing CIT(A)'s duty to adjudicate with an open mind through proper speaking orders. en-us Mon, 07 Apr 2025 00:00:00 +0530 Tue, 13 May 2025 09:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770537 The ITAT Mumbai held that the CIT(A) erred in dismissing the assessee's appeal regarding reassessment proceedings and bogus LTCG without proper consideration of submissions and evidence. The CIT(A) failed to examine merits, instead relying solely on Calcutta HC precedent in Swati Bajaj case, demonstrating a prejudiced approach. The ITAT found the CIT(A) violated Section 250(6) obligations by not providing a speaking order stating points for determination, decisions, and reasons. The appellate authority cannot dismiss appeals summarily without detailed reasoning on each ground. The appeal was allowed for statistical purposes, emphasizing CIT(A)'s duty to adjudicate with an open mind through proper speaking orders. Case-Laws Income Tax Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770537