https://www.taxtmi.com/caselaws?id=464103 ITAT Chennai (AT) set aside assessments framed u/s 153A r.w.s.143(3) and restored the matter to the AO for de novo adjudication after granting the assessee adequate opportunity to substantiate its case. CIT(A) had not quashed assessments but enhanced them applying Sec.14A r/w Rule 8D; AO relied on the assessee's non-cooperation, statements on oath and discovered business practices to draw adverse inferences about unexplained "other" income. Appeals by the assessee were partly allowed for statistical purposes. en-us Wed, 16 Aug 2017 00:00:00 +0530 Sun, 05 Oct 2025 20:48:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464103 ITAT Chennai (AT) set aside assessments framed u/s 153A r.w.s.143(3) and restored the matter to the AO for de novo adjudication after granting the assessee adequate opportunity to substantiate its case. CIT(A) had not quashed assessments but enhanced them applying Sec.14A r/w Rule 8D; AO relied on the assessee's non-cooperation, statements on oath and discovered business practices to draw adverse inferences about unexplained "other" income. Appeals by the assessee were partly allowed for statistical purposes. Case-Laws Income Tax Wed, 16 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464103