https://www.taxtmi.com/caselaws?id=469476 Reassessment proceedings under section 144B failed where the assessee was not given a reasonable opportunity, and the reasons, sanction, and supporting material were not furnished; the reassessment was therefore vitiated for breach of natural justice and could not be sustained. An addition as unexplained income under section 69A also failed because the Department did not prove that any amount was actually received or credited in the assessee's bank accounts, while the assessee produced bank statements and denied the alleged transaction; the addition was deleted. en-us Fri, 07 Mar 2025 00:00:00 +0530 Thu, 18 Jun 2026 18:59:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469476 Reassessment proceedings under section 144B failed where the assessee was not given a reasonable opportunity, and the reasons, sanction, and supporting material were not furnished; the reassessment was therefore vitiated for breach of natural justice and could not be sustained. An addition as unexplained income under section 69A also failed because the Department did not prove that any amount was actually received or credited in the assessee's bank accounts, while the assessee produced bank statements and denied the alleged transaction; the addition was deleted. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469476