https://www.taxtmi.com/caselaws?id=409586 The Orissa High Court set aside the assessment order by NFAC for AY 2018-2019, amounting to Rs. 735.16 crores, due to a violation of natural justice principles as no hearing opportunity was provided. The court noted disproportionately high assessment figures compared to previous years, indicating prejudice to the assessee. The Department was directed to issue a fresh assessment order after granting a personal hearing to the petitioner and ensuring fairness in the assessment process, emphasizing the importance of procedural fairness and reasonable assessment figures. en-us Thu, 08 Jul 2021 00:00:00 +0530 Fri, 22 Oct 2021 15:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409586 The Orissa High Court set aside the assessment order by NFAC for AY 2018-2019, amounting to Rs. 735.16 crores, due to a violation of natural justice principles as no hearing opportunity was provided. The court noted disproportionately high assessment figures compared to previous years, indicating prejudice to the assessee. The Department was directed to issue a fresh assessment order after granting a personal hearing to the petitioner and ensuring fairness in the assessment process, emphasizing the importance of procedural fairness and reasonable assessment figures. Case-Laws Income Tax Thu, 08 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409586