https://www.taxtmi.com/caselaws?id=758050 HC set aside reassessment proceedings for failure to disclose basis of unexplained credit determination and non-consideration of petitioner's objection request. Court held that impugned order lacked reasoning for invoking Section 148-A, denying petitioner opportunity to explain. Procedures under Section 148-A are not empty formalities. HC directed respondents to pass fresh orders disclosing basis for notice, stating grounds for unexplained credit, and providing personal hearing opportunity to petitioner in accordance with law. Assessee's appeal allowed. en-us Tue, 13 Aug 2024 00:00:00 +0530 Fri, 06 Sep 2024 08:22:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758050 HC set aside reassessment proceedings for failure to disclose basis of unexplained credit determination and non-consideration of petitioner's objection request. Court held that impugned order lacked reasoning for invoking Section 148-A, denying petitioner opportunity to explain. Procedures under Section 148-A are not empty formalities. HC directed respondents to pass fresh orders disclosing basis for notice, stating grounds for unexplained credit, and providing personal hearing opportunity to petitioner in accordance with law. Assessee's appeal allowed. Case-Laws Income Tax Tue, 13 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758050