https://www.taxtmi.com/highlights?id=103658 Show-cause notice and a meaningful opportunity to respond are required before an assessment can make an addition as unexplained money. Where proposed variations notified to the taxpayer differed from the unexplained-money addition ultimately made, and no notice addressed that proposition, the taxpayer was denied an opportunity of hearing in breach of natural justice. The assessment order and consequential penalty notices were quashed, while preserving the revenue's right to commence fresh proceedings in accordance with law. en-us Fri, 11 Sep 2026 08:30:04 +0530 Fri, 11 Sep 2026 08:30:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=103658 Show-cause notice and a meaningful opportunity to respond are required before an assessment can make an addition as unexplained money. Where proposed variations notified to the taxpayer differed from the unexplained-money addition ultimately made, and no notice addressed that proposition, the taxpayer was denied an opportunity of hearing in breach of natural justice. The assessment order and consequential penalty notices were quashed, while preserving the revenue's right to commence fresh proceedings in accordance with law. Highlights Income Tax Fri, 11 Sep 2026 08:30:04 +0530 https://www.taxtmi.com/highlights?id=103658