https://www.taxtmi.com/caselaws?id=408914 The Tribunal found that the CIT(A) did not adhere to statutory provisions by enhancing income without issuing a show cause notice, leading to the matter being remitted back to the AO for fresh consideration. The addition of speculative income by the AO was also deemed invalid due to procedural irregularities, prompting a reevaluation. The Tribunal emphasized compliance with legal procedures and the importance of providing a reasonable opportunity for the appellant to present their case, ultimately directing the entire matter to be reconsidered by the AO for procedural fairness. en-us Wed, 16 Jun 2021 00:00:00 +0530 Thu, 24 Jun 2021 08:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408914 The Tribunal found that the CIT(A) did not adhere to statutory provisions by enhancing income without issuing a show cause notice, leading to the matter being remitted back to the AO for fresh consideration. The addition of speculative income by the AO was also deemed invalid due to procedural irregularities, prompting a reevaluation. The Tribunal emphasized compliance with legal procedures and the importance of providing a reasonable opportunity for the appellant to present their case, ultimately directing the entire matter to be reconsidered by the AO for procedural fairness. Case-Laws Income Tax Wed, 16 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408914