https://www.taxtmi.com/caselaws?id=759663 The HC set aside an income tax assessment order where revenue authorities issued a show cause notice under Section 68 but passed the final assessment under Section 69A, adding Rs.1,50,45,00,000/- as unexplained money. The court held this violated principles of natural justice as the assessee was not given proper opportunity to explain regarding Section 69A provisions, which are independent from Section 68. The assessment order was declared unenforceable and treated as a show cause notice, with revenue authorities directed to serve proper notice within 15 days if proceeding under Section 69A. en-us Thu, 27 Jun 2024 00:00:00 +0530 Sat, 05 Oct 2024 08:54:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759663 The HC set aside an income tax assessment order where revenue authorities issued a show cause notice under Section 68 but passed the final assessment under Section 69A, adding Rs.1,50,45,00,000/- as unexplained money. The court held this violated principles of natural justice as the assessee was not given proper opportunity to explain regarding Section 69A provisions, which are independent from Section 68. The assessment order was declared unenforceable and treated as a show cause notice, with revenue authorities directed to serve proper notice within 15 days if proceeding under Section 69A. Case-Laws Income Tax Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759663