Long-Term Capital Gains Based on Sale Deed Value; Bonus Shares Not Taxed Under Section 56(2)(vii)(c); Section 54F Deduction Allowed for One Property O...
Validity of order passed by the Tribunal (ITAT) - Non issuance...
Order Challenged Over Non-Receipt of Hearing Notice; Dispatch Alone Insufficient for Validity, Tribunal's Decision Questioned.
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Income TaxDecember 1, 2023Case LawsHC
Validity of order passed by the Tribunal (ITAT) - Non issuance or service of notice to the appellant for hearing - Mere dispatch of a notice is not sufficient. To hold that notice came to the knowledge of the petitioner, the notice should also have been received by the person/assessee to whom it was addressed. There are no records to show the notice of intimation was received by the petitioner. - HC