2022 (7) TMI 1534

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..... 1. By way of this appeal, the assessee contest legality of revisional jurisdiction u/s. 263 as exercised by Ld. Principal Commissioner of Income Tax, Chennai-1 (Pr. CIT) vide order dated 23.03.2022 against the assessment order framed by Ld. Assessing Officer [AO] u/s. 143(3) of the Act on 21.12.2019. 2. At the time of hearing, none appeared for assessee. The Ld. CIT-DR pleaded for dismissal of .....

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..... rity, however, keeping in view the principle of natural justice, we direct Ld. Pr. CIT to grant another opportunity of hearing to the assessee to defend its case and take a fresh call on the revision. The Ld. Pr. CIT is at liberty to proceed with the revision in case the assessee fails to substantiate its case. 5. The appeal stand allowed for statistical purposes. Order pronounced on 21st July, .....

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