https://www.taxtmi.com/caselaws?id=312073 The HC quashed reassessment orders under Section 148A(d) and subsequent reassessment due to violation of natural justice principles. The assessing officer failed to provide third-party information that formed the basis of the show cause notice and denied the assessee's request for cross-examination of third parties whose statements were relied upon. The court found the AO's offer to allow cross-verification after passing the order was procedurally incorrect, as such opportunity should have been provided before issuing the Section 148A order. The matter was restored to the show cause notice stage under Section 148A(b). Assessee's appeal was allowed. en-us Fri, 28 Apr 2023 00:00:00 +0530 Tue, 30 Jan 2024 17:26:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312073 The HC quashed reassessment orders under Section 148A(d) and subsequent reassessment due to violation of natural justice principles. The assessing officer failed to provide third-party information that formed the basis of the show cause notice and denied the assessee's request for cross-examination of third parties whose statements were relied upon. The court found the AO's offer to allow cross-verification after passing the order was procedurally incorrect, as such opportunity should have been provided before issuing the Section 148A order. The matter was restored to the show cause notice stage under Section 148A(b). Assessee's appeal was allowed. Case-Laws Income Tax Fri, 28 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312073