Allowing the petition the Court held that there was violation of principles of natural justice. The assessee did not get reasonable time to file its objections to the reasons recorded, the assessment order was passed within three working days, since September 25th and 26th were Saturday and Sunday. The Assessing Officer was directed to decide the objections by way of a reasoned order in accordance with law.(AY.2013-14)
Grand Reality Pvt. Ltd. v ACIT (OSD) (2023)456 ITR 709 (Delhi)(HC)
S. 144 : Best judgment assessment-Reassessment-Principles of natural justice-Order passed without giving sufficient time for filing objections-Order is set aside. [S. 147, 148, Art. 226]