AO based on the report of the Inspector without giving an opportunity to the assessee to explain the alleged information, is not correct

IN THE HIGH COURT AT CALCUTTA I.T.A. No. 175 of 2003 S. K. Bothra & Sons, HUF Vs Income Tax Officer, Ward-46(3), Kolkata Judgement on: August 2, 2011. Bhaskar Bhattacharya, J.: This appeal under Section 260A of the Income-tax (“Act”) is at the instance of an assessee and is directed against order dated 26th February, 2003 passed by the Income-tax Appellate Tribunal, “B” Bench, Kolkata in ITA No. 293/Kol/2002 for the Assessment Year 1997-1998 dismissing the appeal filed by the assessee. Being dissatisfied, the assessee has come up with the present appeal. The f...