https://www.taxtmi.com/caselaws?id=779196 HC held that the assessment order was vitiated for breach of natural justice because the taxpayer was never called to show cause regarding additions for unexplained bank credits, monies used to purchase two immovable properties (linked to s.69A), and alleged income under s.56(2)(x). The Court set aside the impugned assessment, demand notice and penalty notices, and remanded the matter to the Assessing Officer to issue a fresh show cause notice and thereafter proceed afresh to its logical conclusion. en-us Mon, 22 Sep 2025 00:00:00 +0530 Tue, 30 Sep 2025 08:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779196 HC held that the assessment order was vitiated for breach of natural justice because the taxpayer was never called to show cause regarding additions for unexplained bank credits, monies used to purchase two immovable properties (linked to s.69A), and alleged income under s.56(2)(x). The Court set aside the impugned assessment, demand notice and penalty notices, and remanded the matter to the Assessing Officer to issue a fresh show cause notice and thereafter proceed afresh to its logical conclusion. Case-Laws Income Tax Mon, 22 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779196