https://www.taxtmi.com/caselaws?id=329369 The Tribunal allowed the appeal, directing a de novo assessment by the Assessing Officer (AO) due to lack of opportunity provided to the assessee before enhancing the assessment. The AO was instructed to re-examine discrepancies in purchases, reconcile stock, and verify the authenticity of purchases, particularly from a sister concern. The Tribunal emphasized adherence to principles of natural justice and ensuring the assessee's adequate opportunity to present its case. en-us Fri, 03 Jun 2016 00:00:00 +0530 Thu, 29 Dec 2016 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329369 The Tribunal allowed the appeal, directing a de novo assessment by the Assessing Officer (AO) due to lack of opportunity provided to the assessee before enhancing the assessment. The AO was instructed to re-examine discrepancies in purchases, reconcile stock, and verify the authenticity of purchases, particularly from a sister concern. The Tribunal emphasized adherence to principles of natural justice and ensuring the assessee's adequate opportunity to present its case. Case-Laws Income Tax Fri, 03 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329369