Bombay HC Quashes Income Tax Order for Denial of Personal Hearing without Valid Reasons

Pico Capital Private Limited Vs DCIT (Bombay High Court) Bombay High Court quashed an income tax assessment order against Pico Capital Private Limited due to a violation of natural justice. The petitioner had explicitly requested a personal hearing during the assessment proceedings, but the request was denied. The assessing officer reasoned that a hearing was unnecessary, as the petitioner had already submitted a written response. However, the court ruled that when the law provides for a personal hearing upon request, it cannot be denied based on an assumption that the petitioner has nothing f...