https://www.taxtmi.com/caselaws?id=309668 The court quashed the CBDT's orders for violating principles of natural justice, directing reconsideration with an effective opportunity for the petitioners. The challenge to the constitutional validity of IT Act sections 234A, 234B, and 234C was withdrawn. The quasi-judicial nature of CBDT's power under Section 119(2) was affirmed, emphasizing reasoned decision-making. Similar principles were applied to the Wealth Tax Act, granting petitioners the right to seek redress under Section 10(2) akin to IT Act provisions. en-us Mon, 13 Dec 1993 00:00:00 +0530 Fri, 15 Sep 2023 17:19:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309668 The court quashed the CBDT's orders for violating principles of natural justice, directing reconsideration with an effective opportunity for the petitioners. The challenge to the constitutional validity of IT Act sections 234A, 234B, and 234C was withdrawn. The quasi-judicial nature of CBDT's power under Section 119(2) was affirmed, emphasizing reasoned decision-making. Similar principles were applied to the Wealth Tax Act, granting petitioners the right to seek redress under Section 10(2) akin to IT Act provisions. Case-Laws Income Tax Mon, 13 Dec 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309668