https://www.taxtmi.com/caselaws?id=178951 The court set aside the assessment orders due to a lack of opportunity for the assessee to contest the proposed basis for taxation, emphasizing the importance of adhering to principles of natural justice. The assessing authority was directed to issue a notice for reassessment, providing the assessee with a reasonable opportunity to present their case. The court clarified statutory provisions under the Income-tax Act, 1961, without definitively opining on the application of section 142(3) in cases of rejected accounts. The writ applications were disposed of without costs, highlighting the significance of upholding natural justice in tax assessments. en-us Thu, 17 Sep 1964 00:00:00 +0530 Tue, 16 Feb 2016 18:12:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178951 The court set aside the assessment orders due to a lack of opportunity for the assessee to contest the proposed basis for taxation, emphasizing the importance of adhering to principles of natural justice. The assessing authority was directed to issue a notice for reassessment, providing the assessee with a reasonable opportunity to present their case. The court clarified statutory provisions under the Income-tax Act, 1961, without definitively opining on the application of section 142(3) in cases of rejected accounts. The writ applications were disposed of without costs, highlighting the significance of upholding natural justice in tax assessments. Case-Laws Income Tax Thu, 17 Sep 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178951