https://www.taxtmi.com/caselaws?id=770474 ITAT Chennai held that while the assessment order was not time-barred under section 153(5) read with section 153(3), it violated principles of natural justice. The AO failed to provide the assessee with a copy of the Department of Economic Affairs report that formed the sole basis for assessment and did not confront the assessee with collected evidence. Following Supreme Court precedents in Dhakeswari Cotton Mills Ltd and Kishinchand Chellaram, ITAT set aside the assessment order dated 23.02.2024 passed under section 143(3) read with section 254, directing the AO to proceed afresh after providing proper opportunity and supplying all adverse materials to the assessee. en-us Wed, 07 May 2025 00:00:00 +0530 Fri, 09 May 2025 12:20:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770474 ITAT Chennai held that while the assessment order was not time-barred under section 153(5) read with section 153(3), it violated principles of natural justice. The AO failed to provide the assessee with a copy of the Department of Economic Affairs report that formed the sole basis for assessment and did not confront the assessee with collected evidence. Following Supreme Court precedents in Dhakeswari Cotton Mills Ltd and Kishinchand Chellaram, ITAT set aside the assessment order dated 23.02.2024 passed under section 143(3) read with section 254, directing the AO to proceed afresh after providing proper opportunity and supplying all adverse materials to the assessee. Case-Laws Income Tax Wed, 07 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770474