https://www.taxtmi.com/caselaws?id=407377 The Tribunal allowed the appeal of the assessee, holding that the addition made by the Assessing Officer (AO) was bad in law. It was found that the AO failed to provide incriminating material, did not conduct independent inquiries, and did not allow the assessee to cross-examine witnesses. The Tribunal emphasized the importance of following binding High Court judgments, which were not adhered to by the AO and the CIT(A). The assessment order was deemed invalid due to the non-issuance of a statutory notice under Section 143(2) of the Income Tax Act, 1961. en-us Fri, 07 May 2021 00:00:00 +0530 Sat, 08 May 2021 08:19:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407377 The Tribunal allowed the appeal of the assessee, holding that the addition made by the Assessing Officer (AO) was bad in law. It was found that the AO failed to provide incriminating material, did not conduct independent inquiries, and did not allow the assessee to cross-examine witnesses. The Tribunal emphasized the importance of following binding High Court judgments, which were not adhered to by the AO and the CIT(A). The assessment order was deemed invalid due to the non-issuance of a statutory notice under Section 143(2) of the Income Tax Act, 1961. Case-Laws Income Tax Fri, 07 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407377