ITAT Pune Quashes PCIT’s 263 Order Passed in Haste – “Hear the Other Side” Rule Violated, Says Tribunal

Ravindra Jaisingrao Chavan Vs ACIT (ITAT Pune) Pune Tribunal has set aside the revisionary order passed u/s 263 for violation of natural justice, holding that the assessee was not given fair opportunity of hearing before the PCIT passed the order. The Bench observed that the entire proceedings u/s 263 had been completed in undue haste within a span of barely one week & that several new factual aspects were considered in the impugned order without confronting them to Assessee. Assessee, an individual engaged in the business of manufacturing & sale of crushed sand in the name of M/s. Kal...