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2015 (2) TMI 1313 - KARNATAKA HIGH COURTReopening of assessment u/s 147 - denial of natural justice - assessee denied an opportunity of fair hearing - petitioner holding that certain shares were purchased by the petitioner out of the income that had escaped from the assessment - HELD THAT:- As the petitioner has been denied an opportunity of fair hearing by providing copy of the statement and related details regarding the alleged share amount, matter requires to be re-considered by the respondent by providing fair and reasonable opportunity of hearing to the petitioner and by furnishing the details/copy of the statement based on which the impugned assessment order has been passed. Writ petition is allowed. The impugned order is set aside. The matter is remitted for fresh consideration to the respondent. See SRI SURESH KUMAR KOTHARI (HUF) VERSUS INCOME TAX OFFICER, BANGALORE [2015 (1) TMI 1426 - KARNATAKA HIGH COURT ]
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