https://www.taxtmi.com/caselaws?id=422738 The Tribunal allowed the appeal filed by the assessee for statistical purposes, setting aside the order passed by the Principal Commissioner of Income Tax under section 263 of the Income Tax Act, 1961. The Tribunal emphasized the importance of adhering to principles of natural justice and providing adequate opportunity of hearing to the assessee before passing such orders. The issue was remanded back to the Principal Commissioner for reconsideration after affording the assessee a proper opportunity of hearing. en-us Thu, 28 Apr 2022 00:00:00 +0530 Sat, 21 May 2022 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422738 The Tribunal allowed the appeal filed by the assessee for statistical purposes, setting aside the order passed by the Principal Commissioner of Income Tax under section 263 of the Income Tax Act, 1961. The Tribunal emphasized the importance of adhering to principles of natural justice and providing adequate opportunity of hearing to the assessee before passing such orders. The issue was remanded back to the Principal Commissioner for reconsideration after affording the assessee a proper opportunity of hearing. Case-Laws Income Tax Thu, 28 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422738