https://www.taxtmi.com/caselaws?id=35617 The High Court held that the revenue could not benefit from certain provisions as the assessee-firm was not given a hearing opportunity during appeal proceedings. The court emphasized the importance of procedural fairness, ruling in favor of the assessee due to lack of clarity on how excluded income should be handled. The assessment under section 148 was deemed not time-barred, but the court underscored the necessity of providing a hearing to the firm before including its income in individual assessments. en-us Tue, 15 Dec 1981 00:00:00 +0530 Mon, 15 Mar 2010 15:58:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35617 The High Court held that the revenue could not benefit from certain provisions as the assessee-firm was not given a hearing opportunity during appeal proceedings. The court emphasized the importance of procedural fairness, ruling in favor of the assessee due to lack of clarity on how excluded income should be handled. The assessment under section 148 was deemed not time-barred, but the court underscored the necessity of providing a hearing to the firm before including its income in individual assessments. Case-Laws Income Tax Tue, 15 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35617