https://www.taxtmi.com/caselaws?id=442030 The Tribunal allowed the appeal, ruling in favor of the assessee by deleting the additions made under section 68 for unexplained credit and the enhancement under section 40A(3) for disallowed expenditure. The Tribunal emphasized the importance of issuing a Show Cause Notice before enhancing assessments, citing legal precedents requiring a reasonable opportunity for the assessee to respond. en-us Thu, 30 Mar 2023 00:00:00 +0530 Tue, 22 Aug 2023 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442030 The Tribunal allowed the appeal, ruling in favor of the assessee by deleting the additions made under section 68 for unexplained credit and the enhancement under section 40A(3) for disallowed expenditure. The Tribunal emphasized the importance of issuing a Show Cause Notice before enhancing assessments, citing legal precedents requiring a reasonable opportunity for the assessee to respond. Case-Laws Income Tax Thu, 30 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442030