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2021 (8) TMI 441 - HC - Income TaxValidity of assessment - Non grant of personal hearing - HELD THAT:- In response to the notice which petitioner had received under sub- Section 1 of Section 142 of the Income Tax Act, 1961, petitioner had submitted its statement of affairs as on 31st March 2018 to which is annexed the balance sheet and one of the liabilities mentioned is loan - We feel if a personal hearing had been granted, petitioner could have cleared this doubt of the assessing officer. In the circumstances, we hereby set aside the impugned order and remand the matter back to the adjudicating authority, who shall after giving a personal hearing to petitioner, within six weeks from the date of receipt of the order, pass such orders as he deems fit in accordance with law. Petitioner is at liberty to forward a copy of this order through the e-filing process and also by hand delivery/speed post/courier/e-mail. We hasten to add that we have not made any observation on the merits of the matter.
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