Power to receive documentary evidence upheld; documents referred in complaint may be placed on record without amendment where omission was inadvertent...
Proof of foreign public documents requires originals or certified diplomatic/notarial copies; inspection must occur in-magna presence and cross-examin...
Non-consideration of the assessee's replies before forming belief under section 148A(3) violated natural justice and vitiated the reassessment order, because the order merely noted partial bank statements and did not examine the explanations or the commercial rationale and materials produced. The impugned order and consequential notice were quashed, and the matter was remitted for fresh consideration of the genuineness and creditworthiness of the transactions after granting a hearing and passing a reasoned order.
Non-consideration of the assessee's replies before forming belief under section 148A(3) violated natural justice and vitiated the reassessment order, because the order merely noted partial bank statements and did not examine the explanations or the commercial rationale and materials produced. The impugned order and consequential notice were quashed, and the matter was remitted for fresh consideration of the genuineness and creditworthiness of the transactions after granting a hearing and passing a reasoned order.
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