Held, that the assessees may be provided with one more opportunity to present their case before the Principal Commissioner. Accordingly, the orders passed by the Principal Commissioner were to be set aside and the issue restored to his file for examination afresh. The assessees had to furnish all information and explanations relating to the issues examined by the Principal Commissioner.(AY. 2013-14)
Kanta Chandak (Smt.) v. ITO (2023)101 ITR 6 (Jodhpur) (Trib) Mohan Lal Chandak v. ITO (2023)101 ITR 6 (Jodhpur) (Trib)
S. 263 : Commissioner-Revision of orders prejudicial to revenue-Capital Gains-Exemption-Assessee given one more opportunity-Order of PCIT set aside-Matter remanded-Assessee to furnish all information. [S. 54]