https://www.taxtmi.com/caselaws?id=449313 HC found the assessment order vitiated by violation of principles of natural justice because the taxpayer was called to explain only a specific sum, leading to no opportunity to contest excess stock treated as unexplained investment under Section 69B. The impugned orders are set aside and the matter is remanded to the assessing authority. The authority must afford one more opportunity to the taxpayer to file explanations/objections regarding the excess stock and pass fresh orders within 12 weeks from receipt of this judgment. en-us Thu, 04 Jan 2024 00:00:00 +0530 Mon, 01 Sep 2025 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449313 HC found the assessment order vitiated by violation of principles of natural justice because the taxpayer was called to explain only a specific sum, leading to no opportunity to contest excess stock treated as unexplained investment under Section 69B. The impugned orders are set aside and the matter is remanded to the assessing authority. The authority must afford one more opportunity to the taxpayer to file explanations/objections regarding the excess stock and pass fresh orders within 12 weeks from receipt of this judgment. Case-Laws Income Tax Thu, 04 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449313