Notice issued making addition u/s. 68 whereas order confirmed addition u/s 69A untenable: Calcutta HC

Vishal Jhajharia Vs Assessment Unit (Calcutta High Court)

Calcutta High Court held that petitioner not put to notice in respect of addition made under section 69A of the Income Tax Act as notice was issued making addition u/s. 68. Accordingly, the same is violative of principles of natural justice.

Facts- It is the petitioner’s case that the petitioner was served with a notice dated 21^st February, 2024 in respect of A.Y. 2016-17, calling upon the petitioner to show cause as to why a sum of Rs.1,50,45,00,000/- should not be added

Please become a Premium member. If you are already a Premium member, login here to access the full content.