https://www.taxtmi.com/caselaws?id=470022 Ex parte reassessment and appellate proceedings that sustain unexplained-credit additions and consequential penalties without an effective opportunity to present factual evidence require fresh adjudication where the transactions need examination on merits. The quantum additions and penalty matters were restored to the Assessing Officer for de novo consideration in the interest of justice. The Assessing Officer may proceed according to law if the assessee fails to comply with future opportunities. en-us Thu, 13 Mar 2025 00:00:00 +0530 Mon, 13 Jul 2026 18:58:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470022 Ex parte reassessment and appellate proceedings that sustain unexplained-credit additions and consequential penalties without an effective opportunity to present factual evidence require fresh adjudication where the transactions need examination on merits. The quantum additions and penalty matters were restored to the Assessing Officer for de novo consideration in the interest of justice. The Assessing Officer may proceed according to law if the assessee fails to comply with future opportunities. Case-Laws Income Tax Thu, 13 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470022