https://www.taxtmi.com/caselaws?id=435926 The Tribunal allowed the appeal in favor of the assessee, deleting additions made under sections 68 and 115BBE for unreconciled cash deposited as cash sales during demonetization and unaccounted cash received from debtors. The Tribunal emphasized the importance of procedural fairness and adherence to natural justice principles, noting that the Assessing Officer failed to issue a proper show cause notice before making the additions. The Tribunal highlighted the significance of providing the assessee with an opportunity to explain discrepancies, ultimately ruling in favor of the assessee and emphasizing fair procedural practices. en-us Fri, 17 Mar 2023 00:00:00 +0530 Thu, 30 Mar 2023 08:17:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435926 The Tribunal allowed the appeal in favor of the assessee, deleting additions made under sections 68 and 115BBE for unreconciled cash deposited as cash sales during demonetization and unaccounted cash received from debtors. The Tribunal emphasized the importance of procedural fairness and adherence to natural justice principles, noting that the Assessing Officer failed to issue a proper show cause notice before making the additions. The Tribunal highlighted the significance of providing the assessee with an opportunity to explain discrepancies, ultimately ruling in favor of the assessee and emphasizing fair procedural practices. Case-Laws Income Tax Fri, 17 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435926