https://www.taxtmi.com/caselaws?id=421793 The Court set aside the assessment order and penalty notices under Sections 271(1)(c) and 273(1)(b) of the Income Tax Act, 1961 for AY 2015-16 due to procedural irregularities. The matter was remanded for a fresh assessment order by the Assistant Commissioner of Income Tax, emphasizing the need for an effective opportunity of hearing for the Petitioner. The Court highlighted the significance of upholding principles of natural justice and procedural fairness in tax assessments. en-us Mon, 03 Jan 2022 00:00:00 +0530 Mon, 02 May 2022 08:43:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421793 The Court set aside the assessment order and penalty notices under Sections 271(1)(c) and 273(1)(b) of the Income Tax Act, 1961 for AY 2015-16 due to procedural irregularities. The matter was remanded for a fresh assessment order by the Assistant Commissioner of Income Tax, emphasizing the need for an effective opportunity of hearing for the Petitioner. The Court highlighted the significance of upholding principles of natural justice and procedural fairness in tax assessments. Case-Laws Income Tax Mon, 03 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421793