https://www.taxtmi.com/caselaws?id=467869 An appellate order under the Income-tax Act must decide the grounds on merits and record reasons; a dismissal without examining the issues or giving independent findings is not a valid speaking order and is liable to be set aside. Where claims of exempt long-term capital gains and objections based on absence of incriminating material in a search assessment require factual verification, the proper course is remand for fresh adjudication after giving the assessee an effective opportunity of hearing. The assessment and appellate orders were therefore set aside and the matter restored for de novo assessment. en-us Fri, 14 Feb 2025 00:00:00 +0530 Tue, 07 Apr 2026 19:31:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467869 An appellate order under the Income-tax Act must decide the grounds on merits and record reasons; a dismissal without examining the issues or giving independent findings is not a valid speaking order and is liable to be set aside. Where claims of exempt long-term capital gains and objections based on absence of incriminating material in a search assessment require factual verification, the proper course is remand for fresh adjudication after giving the assessee an effective opportunity of hearing. The assessment and appellate orders were therefore set aside and the matter restored for de novo assessment. Case-Laws Income Tax Fri, 14 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467869