Addition more than amount proposed via notice is unsustainable

ITO Vs Mohammedarif Ibrahimbhai Shaikh (ITAT Ahmedabad) Held that non-issuance of proper show cause can be fatal to the proceeding under the Income Tax Act. AO clearly failed in issuing the appropriate show-cause notice thereby clearly vitiated the principle of natural justice Facts- The assessee is engaged in the business of trading in and export of Animals (Live Stock) in the name of I K International, a proprietorship concern. The assessee purchased livestock from traders to whom payment was made by A/c payee cheque. Assessee maintains a register which keeps the detail of the number of shee...