Held that assessment order without DIN but separately intimated ...

Validity of assessment order sans DIN upheld. No presumption of mechanical approval. Arguments on satisfaction note rejected. Unaccounted money addition invalid. Reliance on statement sans cross-examination violates principles.

Case Laws Income Tax

July 29, 2024

Held that assessment order without DIN but separately intimated to assessee is valid as per Supreme Court order. Approval of draft assessment order mentioned, no presumption of mechanical approval. Arguments on satisfaction note, surmises, natural justice dealt with in other grounds. Regarding unaccounted money on flat sales, addition based on seized document and statement not admitting cash receipt by assessee. Cross-examination of person whose statement relied upon not provided, violating natural justice principles as per Supreme Court. Statement after search not sufficient for addition without corroborative evidence. CIT(A) erred in confirming addition. Directed to delete entire addition. Assessee's appeal allowed.

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Held that assessment order without DIN but separately intimated ...

Validity of assessment order sans DIN upheld. No presumption of mechanical approval. Arguments on satisfaction note rejected. Unaccounted money addition invalid. Reliance on statement sans cross-examination violates principles.

Case Laws Income Tax

July 29, 2024

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