https://www.taxtmi.com/caselaws?id=308929 The Court set aside the assessment order for AY 2018-2019 under the Income Tax Act 1961, emphasizing the violation of natural justice principles due to the lack of opportunity for the assessee to respond to variations in taxable income. The Court also invalidated notices issued under Sections 156 and 270A, stressing the need for procedural compliance and granting personal hearings. The judgment underscored the significance of procedural fairness and adherence to statutory requirements in assessment proceedings. en-us Fri, 06 Aug 2021 00:00:00 +0530 Wed, 02 Aug 2023 10:14:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308929 The Court set aside the assessment order for AY 2018-2019 under the Income Tax Act 1961, emphasizing the violation of natural justice principles due to the lack of opportunity for the assessee to respond to variations in taxable income. The Court also invalidated notices issued under Sections 156 and 270A, stressing the need for procedural compliance and granting personal hearings. The judgment underscored the significance of procedural fairness and adherence to statutory requirements in assessment proceedings. Case-Laws Income Tax Fri, 06 Aug 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308929