Court set aside to the Assessing Officer for comparing the earlier years statement of accounts and the assessee shall be granted personal hearing. (SJ) (AY.2017-18)
S.M.I.L.E. Microfinance Ltd v. ACIT (2025) 479 ITR 172 /179 taxmann.com 65 (Mad)(HC)
S. 68 : Cash credits-Demonetisation-Small borrowers-Statement not considered-Principle of natural justice-Matter remanded to Assessing Officer for fresh consideration-Taxation Laws (Second Amendment) Bill, 2016 (2016) 389 ITR (St.) 14, 21) [S. 133(6), 143(3), Art. 226]
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