https://www.taxtmi.com/caselaws?id=422678 The Tribunal set aside the Principal Commissioner's order under section 263 of the Income Tax Act, 1961, emphasizing the necessity of affording the assessee a reasonable opportunity of hearing. The Tribunal highlighted the importance of adhering to principles of natural justice, even in cases where the assessee did not respond initially. The decision underscored the significance of procedural fairness and ensuring that the assessee is given a fair chance to be heard before making decisions affecting their tax liability. The appeal was treated as allowed for statistical purposes, emphasizing the essential nature of following legal principles in tax assessment proceedings. en-us Thu, 28 Apr 2022 00:00:00 +0530 Thu, 19 May 2022 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422678 The Tribunal set aside the Principal Commissioner's order under section 263 of the Income Tax Act, 1961, emphasizing the necessity of affording the assessee a reasonable opportunity of hearing. The Tribunal highlighted the importance of adhering to principles of natural justice, even in cases where the assessee did not respond initially. The decision underscored the significance of procedural fairness and ensuring that the assessee is given a fair chance to be heard before making decisions affecting their tax liability. The appeal was treated as allowed for statistical purposes, emphasizing the essential nature of following legal principles in tax assessment proceedings. Case-Laws Income Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422678