https://www.taxtmi.com/caselaws?id=370176 The Tribunal set aside the Ld. CIT(A)'s order upholding the addition of Rs. 6,40,85,000 under section 68 for AY 2008-09 due to the violation of natural justice principles and lack of proper opportunity for the assessee. The matter was remanded to the AO for fresh assessment to ensure a fair hearing and compliance with legal procedures. The decision highlighted the importance of following investigation guidelines, conducting thorough inquiries, and providing the assessee with a reasonable opportunity to present its case during assessment proceedings. en-us Wed, 26 Sep 2018 00:00:00 +0530 Tue, 13 Nov 2018 07:46:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370176 The Tribunal set aside the Ld. CIT(A)'s order upholding the addition of Rs. 6,40,85,000 under section 68 for AY 2008-09 due to the violation of natural justice principles and lack of proper opportunity for the assessee. The matter was remanded to the AO for fresh assessment to ensure a fair hearing and compliance with legal procedures. The decision highlighted the importance of following investigation guidelines, conducting thorough inquiries, and providing the assessee with a reasonable opportunity to present its case during assessment proceedings. Case-Laws Income Tax Wed, 26 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370176