https://www.taxtmi.com/highlights?id=76769 Validity of assessment order - as argued without giving the petitioner an opportunity to reply by granting adjournment, the second respondent has now passed the assessment order by adding a further sum towards addition u/s 68 - The High Court, after careful consideration, agreed with the petitioner's contentions. It found that the order lacked procedural fairness and that the additions to the taxable income were not justified. As a result, the impugned order was quashed, and the case was remitted back to the first respondent for fresh assessment within 90 days. en-us Sat, 20 Apr 2024 08:45:09 +0530 Sat, 20 Apr 2024 08:45:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76769 Validity of assessment order - as argued without giving the petitioner an opportunity to reply by granting adjournment, the second respondent has now passed the assessment order by adding a further sum towards addition u/s 68 - The High Court, after careful consideration, agreed with the petitioner's contentions. It found that the order lacked procedural fairness and that the additions to the taxable income were not justified. As a result, the impugned order was quashed, and the case was remitted back to the first respondent for fresh assessment within 90 days. Highlights Income Tax Sat, 20 Apr 2024 08:45:09 +0530 https://www.taxtmi.com/highlights?id=76769