https://www.taxtmi.com/caselaws?id=400844 The Tribunal remitted the issue of addition of unexplained loans under section 68 back to the CIT(A) for proper adjudication after admitting an additional ground raised by the appellant. The Tribunal set aside the CIT(A)'s order on the disallowance under section 40(a)(ia) and determination of total income, directing a fresh consideration with proper opportunity for the appellant to be heard. Additionally, the Tribunal found in favor of the appellant regarding the enhancement of income by the CIT(A) without adequate notice, emphasizing the importance of procedural fairness and the right to be heard in tax assessments. en-us Wed, 21 Oct 2020 00:00:00 +0530 Fri, 20 Nov 2020 13:22:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400844 The Tribunal remitted the issue of addition of unexplained loans under section 68 back to the CIT(A) for proper adjudication after admitting an additional ground raised by the appellant. The Tribunal set aside the CIT(A)'s order on the disallowance under section 40(a)(ia) and determination of total income, directing a fresh consideration with proper opportunity for the appellant to be heard. Additionally, the Tribunal found in favor of the appellant regarding the enhancement of income by the CIT(A) without adequate notice, emphasizing the importance of procedural fairness and the right to be heard in tax assessments. Case-Laws Income Tax Wed, 21 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400844