Section 127 & 263 Orders Quashed as Assessee Was Denied Fair Hearing During COVID

Advertisement Bhagyanagar India Ltd. Vs PCIT (Telangana High Court) The Telangana High Court set aside orders passed under Sections 127 and 263 of the Income Tax Act after finding that the proceedings were conducted in undue haste and without affording the assessee a fair and reasonable opportunity of hearing. The Court noted that although objections had been filed against the proposed transfer of jurisdiction under Section 127, no further hearing was granted and the transfer order was not properly served upon the assessee. It also observed irregularities in the Section 263 proceedings, inc...