Karnataka HC sets aside Income Tax Assessment Order Relying on Stock Exchange and Bank Data Without Providing Hearing Opportunity [Read Order]

Considering the assessment order passed without providing hearing opportunity, Karnataka High Court set aside the order
By Kavi Priya - On September 16, 2024 3:21 pm - 2 mins read
Income Tax - Income Tax Assessment - Stock Exchange and Bank Data - TAXSCAN

In a recent hearing, the Karnataka High Court set aside an assessment order passed on relying on stock exchange and band information without providing hearing opportunity for the assessee. Shameer Razaik, the petitioner filed a writ petition under Articles 226 and 227 of the Constitution of India challenging the orders passed by the revenue under…

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