https://www.taxtmi.com/caselaws?id=430547 The Tribunal set aside the order due to the appellant not being afforded a hearing, emphasizing adherence to principles of natural justice. The addition of unexplained cash credits under section 68 was contested, with the Tribunal allowing the appeal for reevaluation based on presented evidence. Disallowance of interest under section 40A(2) was also set aside for a fresh hearing to ensure a comprehensive review. Procedural fairness and detailed examination were highlighted, with lower authorities' oversight addressed for a fair review. Interest levied under section 234A/B/C and penalty under section 271(1)(c) were encompassed in the need for a holistic reevaluation. en-us Fri, 04 Nov 2022 00:00:00 +0530 Tue, 22 Nov 2022 09:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430547 The Tribunal set aside the order due to the appellant not being afforded a hearing, emphasizing adherence to principles of natural justice. The addition of unexplained cash credits under section 68 was contested, with the Tribunal allowing the appeal for reevaluation based on presented evidence. Disallowance of interest under section 40A(2) was also set aside for a fresh hearing to ensure a comprehensive review. Procedural fairness and detailed examination were highlighted, with lower authorities' oversight addressed for a fair review. Interest levied under section 234A/B/C and penalty under section 271(1)(c) were encompassed in the need for a holistic reevaluation. Case-Laws Income Tax Fri, 04 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430547