2023 (3) TMI 986

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....rth Chavdhari, Advocates For the Respondents Through: Mr Ruchir Bhatia, Sr. Standing Counsel. RAJIV SHAKDHER, J.: (ORAL) CM APPL. 55761/2022 1. Allowed, subject to just exceptions. W.P.(C) 17476/2022 and CM APPL. 55760/2022 [Application filed on behalf of the petitioner seeking interim relief] 2. Issue notice. 2.1 Mr Ruchir Bhatia accepts notice on behalf of the respondents/revenue. 3. In....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ed 08.02.2022, had asked for a personal hearing in the matter. 5.1. It appears that personal hearing, which is a requirement under Section 144B (vii) and (viii) of the Act, was not granted to the petitioner's authorized representative. 6. Broadly, the transaction which was subject matter of the impugned assessment order concerned the sale of immovable property referred to as Pushpanjali Farms, w....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....gs concern AY 2020-21. In the said AY, the petitioner has, qua the aforementioned immovable property, registered a capital loss amounting to Rs.7,21,36,673/-. 7. The Assessing Officer (AO), evidently, found fault with this and proceeded to issue notice, which is part of the record, and pass the impugned assessment order under Section 143(3) of the Act. 8. As noticed hereinabove, personal hearing....