https://www.taxtmi.com/caselaws?id=56929 The Appellate Tribunal found the assessment unjustified as the Income Tax Officer did not provide a fair opportunity to the assessee to defend their case. The Tribunal held that the addition of unexplained cash credits without allowing the assessee to prove their genuineness was against natural justice. It also noted that the alleged non-compliance with notice under section 143(2) was unfounded, as the assessee had attended hearings. The Tribunal further criticized the justification of the higher business income computation, leading to the assessment being set aside for a fresh decision by the ITO. en-us Fri, 22 Aug 1986 00:00:00 +0530 Tue, 07 Dec 2010 13:51:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56929 The Appellate Tribunal found the assessment unjustified as the Income Tax Officer did not provide a fair opportunity to the assessee to defend their case. The Tribunal held that the addition of unexplained cash credits without allowing the assessee to prove their genuineness was against natural justice. It also noted that the alleged non-compliance with notice under section 143(2) was unfounded, as the assessee had attended hearings. The Tribunal further criticized the justification of the higher business income computation, leading to the assessment being set aside for a fresh decision by the ITO. Case-Laws Income Tax Fri, 22 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56929