ITAT quashes Revision Order passed without following Natural Justice Principle in respect of addition of Fixed Assets [Read Order]

ITAT quashes Revision Order - Natural Justice Principle - Fixed Assets - Revision Order - ITAT - Income Tax Act - Income Tax - TAXSCAN

The Income Tax Appellate Tribunal (ITAT), Surat bench, quashed the revision order passed under Section 263 of the Income Tax Act, 1961, without following the principle of natural justice in respect of the addition of fixed assets. The assessee, Hi-Shine Inks Pvt. Ltd., is a Private Limited Company and filed a revised return of income…

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