https://www.taxtmi.com/caselaws?id=313957 The ITAT set aside the order of the Ld. PCIT issued under section 263 of the Income Tax Act, 1961, for AY 2012-13, citing a violation of natural justice. The Tribunal found that the assessee had responded to the show cause notice, contrary to the Ld. PCIT's observation. The case was remanded for de-novo consideration, instructing the Ld. PCIT to consider the assessee's objections on legal and factual grounds. The Tribunal emphasized procedural fairness and the right to be heard, ensuring the assessee's submissions are duly considered before any further action under section 263. The appeal was allowed, upholding taxpayer rights. en-us Fri, 18 Feb 2022 00:00:00 +0530 Fri, 10 May 2024 06:55:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=313957 The ITAT set aside the order of the Ld. PCIT issued under section 263 of the Income Tax Act, 1961, for AY 2012-13, citing a violation of natural justice. The Tribunal found that the assessee had responded to the show cause notice, contrary to the Ld. PCIT's observation. The case was remanded for de-novo consideration, instructing the Ld. PCIT to consider the assessee's objections on legal and factual grounds. The Tribunal emphasized procedural fairness and the right to be heard, ensuring the assessee's submissions are duly considered before any further action under section 263. The appeal was allowed, upholding taxpayer rights. Case-Laws Income Tax Fri, 18 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=313957