https://www.taxtmi.com/caselaws?id=788980 The addition relating to fixed-deposit interest was set aside because the assessee had not been given an effective opportunity before the Assessing Officer or the first appellate authority to distinguish its facts from the cited Supreme Court rulings. In these circumstances, the appellate order could not be sustained without allowing the assessee to present its case on facts and law. The matter was therefore remanded to the Assessing Officer for de novo assessment in accordance with law after granting a reasonable opportunity of being heard. en-us Mon, 30 Mar 2026 00:00:00 +0530 Wed, 01 Apr 2026 07:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788980 The addition relating to fixed-deposit interest was set aside because the assessee had not been given an effective opportunity before the Assessing Officer or the first appellate authority to distinguish its facts from the cited Supreme Court rulings. In these circumstances, the appellate order could not be sustained without allowing the assessee to present its case on facts and law. The matter was therefore remanded to the Assessing Officer for de novo assessment in accordance with law after granting a reasonable opportunity of being heard. Case-Laws Income Tax Mon, 30 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788980