https://www.taxtmi.com/caselaws?id=7949 An assessment finding on the source of a cash deposit was vitiated where the assessee had sought time to produce supporting evidence and asked that notices be issued to the relevant parties, but the Income-tax Officer completed the assessment without deciding that request or allowing a reasonable opportunity to adduce evidence. The assessment procedure required the assessee to be heard and to produce evidence relied on in support of the return, and the refusal to summon or examine the evidence offered caused material prejudice. That prejudice also affected the Tribunal, as the relevant files were not shown to have been examined to the assessee's knowledge, so the finding on the unexplained deposit could not stand. en-us Tue, 07 Jul 1970 00:00:00 +0530 Thu, 26 Mar 2009 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7949 An assessment finding on the source of a cash deposit was vitiated where the assessee had sought time to produce supporting evidence and asked that notices be issued to the relevant parties, but the Income-tax Officer completed the assessment without deciding that request or allowing a reasonable opportunity to adduce evidence. The assessment procedure required the assessee to be heard and to produce evidence relied on in support of the return, and the refusal to summon or examine the evidence offered caused material prejudice. That prejudice also affected the Tribunal, as the relevant files were not shown to have been examined to the assessee's knowledge, so the finding on the unexplained deposit could not stand. Case-Laws Income Tax Tue, 07 Jul 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7949