https://www.taxtmi.com/caselaws?id=435591 The Tribunal held the assessment order invalid due to non-compliance with Section 143(2) of the Income Tax Act, as the notice was issued without proper examination. The additions for unexplained cash credits, excess stock, unsecured loans, and advances were deemed unjustified, lacking proper verification and documentation. The Assessing Officer's failure to apply due diligence and principles of natural justice led to the quashing of the assessment order. The appeal was allowed, and the assessment order was invalidated, rendering other grounds of appeal moot. en-us Thu, 16 Mar 2023 00:00:00 +0530 Wed, 22 Mar 2023 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435591 The Tribunal held the assessment order invalid due to non-compliance with Section 143(2) of the Income Tax Act, as the notice was issued without proper examination. The additions for unexplained cash credits, excess stock, unsecured loans, and advances were deemed unjustified, lacking proper verification and documentation. The Assessing Officer's failure to apply due diligence and principles of natural justice led to the quashing of the assessment order. The appeal was allowed, and the assessment order was invalidated, rendering other grounds of appeal moot. Case-Laws Income Tax Thu, 16 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435591