HC: Quashes penalty order being against natural justice principles, remits matter for fresh consideration

Karnataka HC sets aside Revenue’s penalty order holding that it clearly contravened the principles of natural justice and remits the same for fresh consideration with a direction to the Revenue to provide reasonable sufficient opportunity to the Assessee; Perusing the available records, observes that while passing the impugned order, several documents and circumstances which were neither referred to nor enumerated in the SCN had been relied upon by Revenue; Finds that sever...