https://www.taxtmi.com/caselaws?id=338986 The Tribunal allowed the appeal of the assessee, setting aside the order under Section 263. It held that the order was passed hastily on the last day of the limitation period without granting the assessee a fair opportunity to be heard, thus violating principles of natural justice. The Tribunal emphasized the importance of providing adequate time for response to show-cause notices. Consequently, the original assessment order was upheld, and the Tribunal did not delve into the merits of the Section 263 exercise due to the procedural irregularity. en-us Thu, 12 Jan 2017 00:00:00 +0530 Thu, 16 Feb 2017 08:48:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338986 The Tribunal allowed the appeal of the assessee, setting aside the order under Section 263. It held that the order was passed hastily on the last day of the limitation period without granting the assessee a fair opportunity to be heard, thus violating principles of natural justice. The Tribunal emphasized the importance of providing adequate time for response to show-cause notices. Consequently, the original assessment order was upheld, and the Tribunal did not delve into the merits of the Section 263 exercise due to the procedural irregularity. Case-Laws Income Tax Thu, 12 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338986