https://www.taxtmi.com/caselaws?id=772202 ITAT Pune set aside an order passed u/s 154 of the IT Act that added mutual fund investment to the assessee's income. The tribunal found the order invalid as the Assessing Officer failed to issue notice or provide opportunity of hearing before amending the assessment order u/s 143(3) r.w.s. 147. Additionally, the investment was made by the assessee's spouse from redemption proceeds of other mutual funds, with the assessee appearing only as second holder. The appeal was allowed due to procedural violations and factual errors. en-us Wed, 28 May 2025 00:00:00 +0530 Thu, 05 Jun 2025 08:25:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772202 ITAT Pune set aside an order passed u/s 154 of the IT Act that added mutual fund investment to the assessee's income. The tribunal found the order invalid as the Assessing Officer failed to issue notice or provide opportunity of hearing before amending the assessment order u/s 143(3) r.w.s. 147. Additionally, the investment was made by the assessee's spouse from redemption proceeds of other mutual funds, with the assessee appearing only as second holder. The appeal was allowed due to procedural violations and factual errors. Case-Laws Income Tax Wed, 28 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772202