https://www.taxtmi.com/caselaws?id=464122 ITAT JAipur - AT quashed the assessment order and deleted the lump-sum addition relating to cash deposits, unsecured loans and capital introductions, finding the AO failed to specify amounts, legal provisions invoked (e.g., ss.68/69/69A/56) or rebut the assessee's books and supporting confirmations. The Bench held invocation of s.115BBE without statutory basis was invalid, AO ignored available records and procedural requirements, and no fresh opportunity will be granted to rectify those defects. Appeal of the assessee was partly allowed. en-us Wed, 10 Apr 2024 00:00:00 +0530 Mon, 06 Oct 2025 20:17:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464122 ITAT JAipur - AT quashed the assessment order and deleted the lump-sum addition relating to cash deposits, unsecured loans and capital introductions, finding the AO failed to specify amounts, legal provisions invoked (e.g., ss.68/69/69A/56) or rebut the assessee's books and supporting confirmations. The Bench held invocation of s.115BBE without statutory basis was invalid, AO ignored available records and procedural requirements, and no fresh opportunity will be granted to rectify those defects. Appeal of the assessee was partly allowed. Case-Laws Income Tax Wed, 10 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464122