Held by the High Court that the revisional order passed by CIT directing AO to conduct fresh enquire relying on third party statement, without providing such statement / material to assessee is not valid. Matter remanded to CIT to provide the Assessee all the material to be relied by him and hear objections of assessee on such material. (ITANo 242 of 2018, dt 28/02/2018)
Humboldt Wedag India (P) Ltd v CIT (2018) 305 CTR 452 / 167 DTR 241 (Delhi)(HC)
S. 263 : Commissioner – Revision of orders prejudicial to revenue – Third party statement not provided to the assessee, during revisional proceedings, basis which fresh enquired directed – Order is Invalid and remanded to the CIT for providing material and hearing objections.