On appeal the court modified the order of single judge and directed the Assessing Officer to consider the assessee’s reply and submissions during the reassessment proceedings and pass orders afresh, on the merits after providing due opportunity of hearing to the assessee.(AY.2014-15)
Paypal India Pvt. Ltd. v. Add. CIT (No. 3) (2023)456 ITR 195 (Mad)(HC) Editorial : Decision of single judge in Paypal India Pvt. Ltd. v Add. CIT (No.2) (2023)456 ITR 191 (Mad)(HC), modified.
S. 147 : Reassessment-Principles of natural justice-Liberty is given to assessee to raise fresh contentions while giving effect to Court’s directions.[S. 143(2), 148, Art. 226]