https://www.taxtmi.com/caselaws?id=773743 The Tribunal allowed the assessee's appeal and set aside the CIT(A)'s order, remanding the matter to the AO for fresh consideration. The Tribunal found three key violations: (1) the addition of Rs. 7,47,00,000 under section 69 read with section 115BBE was unjustified as the CIT(A) failed to examine supporting documents submitted by the assessee; (2) the disallowance of Rs. 1,88,254 under section 14A was invalid since no exempt income was earned during the assessment year; and (3) the enhancement of Rs. 3,52,22,603 under section 69C violated natural justice principles as no statutory show-cause notice under section 251(2) was issued, depriving the assessee of opportunity to respond. en-us Wed, 21 May 2025 00:00:00 +0530 Fri, 27 Jun 2025 08:37:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773743 The Tribunal allowed the assessee's appeal and set aside the CIT(A)'s order, remanding the matter to the AO for fresh consideration. The Tribunal found three key violations: (1) the addition of Rs. 7,47,00,000 under section 69 read with section 115BBE was unjustified as the CIT(A) failed to examine supporting documents submitted by the assessee; (2) the disallowance of Rs. 1,88,254 under section 14A was invalid since no exempt income was earned during the assessment year; and (3) the enhancement of Rs. 3,52,22,603 under section 69C violated natural justice principles as no statutory show-cause notice under section 251(2) was issued, depriving the assessee of opportunity to respond. Case-Laws Income Tax Wed, 21 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773743