https://www.taxtmi.com/caselaws?id=774535 The HC set aside an assessment order where the AO rejected the assessee's claim without providing reasons after a revision proceeding under Section 263. The Principal Commissioner had remitted nine points for reconsideration, of which two were found favorable to the petitioner, but the remaining seven were rejected without proper reasoning. The HC emphasized that providing reasons is a fundamental right of every assessee and essential for transparency and fairness in adjudicatory processes. The matter was remanded to the AO to decide the seven points afresh with proper opportunity of hearing, to be completed within three months. en-us Tue, 29 Apr 2025 00:00:00 +0530 Thu, 10 Jul 2025 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774535 The HC set aside an assessment order where the AO rejected the assessee's claim without providing reasons after a revision proceeding under Section 263. The Principal Commissioner had remitted nine points for reconsideration, of which two were found favorable to the petitioner, but the remaining seven were rejected without proper reasoning. The HC emphasized that providing reasons is a fundamental right of every assessee and essential for transparency and fairness in adjudicatory processes. The matter was remanded to the AO to decide the seven points afresh with proper opportunity of hearing, to be completed within three months. Case-Laws Income Tax Tue, 29 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774535