https://www.taxtmi.com/caselaws?id=792491 Section 69A addition for bank credits was examined where the assessment had proceeded under section 147 read with section 144 and section 144B due to non-compliance. The Tribunal noted that the credits aggregated in the bank account could include business receipts, circulating funds, or other explainable transactions, so proper verification of the source was necessary. Although the assessee had earlier failed to cooperate and no satisfactory explanation had been furnished, principles of natural justice and substantial justice justified one further effective opportunity to produce evidence. The matter was restored to the Assessing Officer for de novo adjudication after granting adequate opportunity; the addition was neither finally sustained nor deleted. en-us Wed, 22 Apr 2026 00:00:00 +0530 Wed, 27 May 2026 17:56:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792491 Section 69A addition for bank credits was examined where the assessment had proceeded under section 147 read with section 144 and section 144B due to non-compliance. The Tribunal noted that the credits aggregated in the bank account could include business receipts, circulating funds, or other explainable transactions, so proper verification of the source was necessary. Although the assessee had earlier failed to cooperate and no satisfactory explanation had been furnished, principles of natural justice and substantial justice justified one further effective opportunity to produce evidence. The matter was restored to the Assessing Officer for de novo adjudication after granting adequate opportunity; the addition was neither finally sustained nor deleted. Case-Laws Income Tax Wed, 22 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792491