https://www.taxtmi.com/caselaws?id=407318 The Court found in favor of the petitioner, acknowledging a breach of natural justice and failure to consider the petitioner's explanation in an assessment order. A discrepancy in unsecured loans between the audit report and balance sheet was cited as the reason for the addition to the petitioner's income. Despite the petitioner's request, a personal hearing was denied by the Assessing Officer. The Court issued notice to the respondents, directed the filing of a counter-affidavit, and stayed the operation of the assessment order pending further orders. The case was scheduled for the next hearing on 02.06.2021. en-us Mon, 03 May 2021 00:00:00 +0530 Wed, 05 May 2021 18:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407318 The Court found in favor of the petitioner, acknowledging a breach of natural justice and failure to consider the petitioner's explanation in an assessment order. A discrepancy in unsecured loans between the audit report and balance sheet was cited as the reason for the addition to the petitioner's income. Despite the petitioner's request, a personal hearing was denied by the Assessing Officer. The Court issued notice to the respondents, directed the filing of a counter-affidavit, and stayed the operation of the assessment order pending further orders. The case was scheduled for the next hearing on 02.06.2021. Case-Laws Income Tax Mon, 03 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407318