AO made One Sided Addition u/s 68 without Examining Evidence: ITAT Remits ₹7.17 Matter for Fresh Adjudication

The ITAT (Income Tax Appellate Tribunal) has remitted a Section 68 matter for fresh adjudication, holding that the Assessing Officer (AO) made a "one-sided addition without examining evidence." The tribunal noted that the AO had added an amount as unexplained cash credit solely based on the information available to him, without providing the assessee an adequate opportunity to present their evidence or conducting a thorough examination of the documents provided. This ruling reinforces the principle of natural justice, requiring the AO to conduct a proper inquiry and consider all relevant evidence before making an addition.