https://www.taxtmi.com/caselaws?id=217921 An addition based on alleged higher sale consideration for land was set aside because its factual foundation was under fresh examination in connected proceedings, and the matter was restored to the assessing authority for reconsideration. A revisional order under section 263 was also invalidated because it was passed on the same day an adjournment was sought on medical grounds, without an effective opportunity of hearing. The defect was treated as going to the root of the revisional exercise, and the matter was remitted for a fresh decision after giving the assessee adequate hearing. en-us Mon, 30 Jul 2012 00:00:00 +0530 Tue, 30 Oct 2012 09:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217921 An addition based on alleged higher sale consideration for land was set aside because its factual foundation was under fresh examination in connected proceedings, and the matter was restored to the assessing authority for reconsideration. A revisional order under section 263 was also invalidated because it was passed on the same day an adjournment was sought on medical grounds, without an effective opportunity of hearing. The defect was treated as going to the root of the revisional exercise, and the matter was remitted for a fresh decision after giving the assessee adequate hearing. Case-Laws Income Tax Mon, 30 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217921