No Notice issued enquiring details of Unsecured Loan received from 5 Person, Income Tax Addition become invalid: Kerala HC remands matter for Readjudication [Read Order]

The Kerala HC remanded the matter to the assessing authority, to pass a fresh assessment order
Income Tax - Kerala High Court - Readjudication - Unsecured Loan - Income Tax Addition - TAXSCAN

In a recent judgement, the High Court of Kerala remanded the matter of  Income tax addition for fresh adjudication as the revenue failed to issue a show cause notice enquiring about details of an unsecured loan received from 5 person. The Court found that unless and until the petitioner was put to notice, in respect…

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