Best judgement assessment without hearing opportunity is not sustainable: Matter remanded

Maheshchandra Natvarlal Parikh Vs CIT (Gujarat High Court) Gujarat High Court held that Revisional authority ought to have taken into consideration that AO has to pass best judgement assessment order without granting an opportunity of being heard. Thus, matter remanded back to AO for de novo consideration. Facts- The petitioner is an individual non-resident. Petitioner came to India from USA to purchase jewelry for his daughter’s wedding and withdrew amount of Rs. 8 Lakh from NRE Account of the petitioner. However, since the petitioner and his wife became severely ill and left India to go to...