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2021 (6) TMI 334 - HC - Income TaxInitiation of penalty proceedings - HELD THAT:- We are of the view that the impugned assessment order, passed by respondent/revenue under Section 143(3) read with Section 144B of the Income Tax Act, 1961 and notice of demand issued under Section 156 as well as notices for initiating penalty proceedings issued u/s 274 read with Section 270A, and Section 271AAC(1) of the Act, should be set aside, with liberty to the AO to pass a fresh order, after considering the reply/objections of the petitioner. AO is also directed to accord a personal hearing to the petitioner and/or his authorized representative. AO will intimate to the petitioner, the date and time fixed, for personal hearing, via his registered e-mail ID. The AO will also send the link to the petitioner, for the said purpose.
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