https://www.taxtmi.com/caselaws?id=457109 Revisionary proceedings under section 263 must comply with natural justice, and where an effective opportunity of hearing has not been afforded, the matter may be restored for fresh adjudication. Here, the assessee had not participated in the revision proceedings, but the record indicated that the order was passed without a further effective chance to substantiate its case. The ITAT therefore restored the matter to the Principal Commissioner for fresh consideration and directed that one more opportunity of hearing be granted before a fresh decision is taken. If the assessee again fails to support its case, revision may proceed in accordance with law. en-us Thu, 21 Jul 2022 00:00:00 +0530 Thu, 05 Sep 2024 21:28:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=457109 Revisionary proceedings under section 263 must comply with natural justice, and where an effective opportunity of hearing has not been afforded, the matter may be restored for fresh adjudication. Here, the assessee had not participated in the revision proceedings, but the record indicated that the order was passed without a further effective chance to substantiate its case. The ITAT therefore restored the matter to the Principal Commissioner for fresh consideration and directed that one more opportunity of hearing be granted before a fresh decision is taken. If the assessee again fails to support its case, revision may proceed in accordance with law. Case-Laws Income Tax Thu, 21 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=457109