Delhi HC stays assessment order as AO denied assessee’s personal hearing before raising tax demand

INCOME -TAX : Where addition under section 68 was made to the assessee's declared income due to dissonance between the audit report and balance sheet of the assessee concerning unsecured loans and recovery proceedings for said demand initiated, since it was found that before finalizing assessment, assessee had sought for personal hearing which was not granted to assessee by AO,

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