Justice Should Not only be Done but also Appears to be Done: ITAT Remands Disallowance of Purchases Matter to AO for Verification

The Income Tax Appellate Tribunal (ITAT) remanded a case involving the disallowance of purchases back to the Assessing Officer (AO) for verification, emphasizing that justice should not only be done but also appear to be done. The tribunal noted that the taxpayer’s concerns were not adequately addressed in the original assessment, leading to the decision to revisit the matter. This ruling underscores the importance of thoroughness and fairness in tax assessments.