On writ dismissing the petition the court held that the assessee shall raise all contentions and also directed to grant of a personal hearing before passing the order. On SLP the Department stated that it had no objection to quash the notice as the transactions between a mother and son accordingly the appeal is allowed.
Mahendra Gala v. ITO (2024) 4571 ITR 758 (SC) Editorial : Mahendra Gala v. ITO (2024) 471 ITR 757 (Bom)(HC)
S. 148 : Reassessment-Notice-Writ petition is dismissed on the ground with liberty to assessee to raise all contentions in reply before Assessing Officer and also direction for grant of personal hearing-Income-On SLP the Department stated that it had no objection to quash the notice as the transactions between a mother and son-Appeal is allowed [S. 147, Art. 136]
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