https://www.taxtmi.com/caselaws?id=764397 The HC set aside the impugned assessment order under s.147 due to violation of natural justice, as the petitioner was denied a personal hearing without valid reasons. The matter was remanded to the AO to dispose of the show cause notice afresh, ensuring the petitioner is granted a personal hearing in accordance with Circular No. F.No.225/97/2021/ITA-II. The AO was directed to complete the proceedings within three months of the order's upload. Consequential demand and penalty notices based on the quashed assessment were also set aside. All other contentions remain open for the AO's consideration in the fresh assessment. en-us Tue, 07 Jan 2025 00:00:00 +0530 Mon, 04 Aug 2025 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764397 The HC set aside the impugned assessment order under s.147 due to violation of natural justice, as the petitioner was denied a personal hearing without valid reasons. The matter was remanded to the AO to dispose of the show cause notice afresh, ensuring the petitioner is granted a personal hearing in accordance with Circular No. F.No.225/97/2021/ITA-II. The AO was directed to complete the proceedings within three months of the order's upload. Consequential demand and penalty notices based on the quashed assessment were also set aside. All other contentions remain open for the AO's consideration in the fresh assessment. Case-Laws Income Tax Tue, 07 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764397