https://www.taxtmi.com/caselaws?id=12231 Withdrawal of investment allowance under sections 154 and 155(4A) of the Income-tax Act could not be sustained where the assessee was given only one day to reply to the show-cause notice. The short notice period was held inadequate for an effective response, and the rectification order was interfered with for denial of proper hearing. The withdrawal was quashed and the matter remitted for reconsideration after giving the assessee a proper opportunity of hearing. en-us Thu, 26 Sep 2002 00:00:00 +0530 Sat, 20 Feb 2010 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12231 Withdrawal of investment allowance under sections 154 and 155(4A) of the Income-tax Act could not be sustained where the assessee was given only one day to reply to the show-cause notice. The short notice period was held inadequate for an effective response, and the rectification order was interfered with for denial of proper hearing. The withdrawal was quashed and the matter remitted for reconsideration after giving the assessee a proper opportunity of hearing. Case-Laws Income Tax Thu, 26 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12231