https://www.taxtmi.com/caselaws?id=461438 Assessment proceedings violated the principle of natural justice by failing to grant a personal hearing after the taxpayer filed required details; consequence: the assessment order is set aside and remitted for fresh consideration with a personal hearing. On tax rate for unexplained cash additions, the increased punitive rate is held applicable only for transactions from the stated cut off date onward, not prior transactions; consequence: pre cut off additions may attract the earlier, lower rate. The assessment failed to compare collections with the prior year despite the taxpayer's request; consequence: the respondent must compare earlier statements when reassessing within 12 weeks. en-us Tue, 19 Nov 2024 00:00:00 +0530 Fri, 15 May 2026 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461438 Assessment proceedings violated the principle of natural justice by failing to grant a personal hearing after the taxpayer filed required details; consequence: the assessment order is set aside and remitted for fresh consideration with a personal hearing. On tax rate for unexplained cash additions, the increased punitive rate is held applicable only for transactions from the stated cut off date onward, not prior transactions; consequence: pre cut off additions may attract the earlier, lower rate. The assessment failed to compare collections with the prior year despite the taxpayer's request; consequence: the respondent must compare earlier statements when reassessing within 12 weeks. Case-Laws Income Tax Tue, 19 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461438