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2021 (6) TMI 430 - HC - Income TaxValidity of assessment - non issuance of a show cause notice-cum-draft assessment order; which is a mandatory requirement under Section 144B - HELD THAT:- Since this aspect of the matter is not in dispute, we are of the view that the prayers made in the petition have to be allowed. It is ordered accordingly. The impugned assessment order dated 30.04.2021, as also the notice of demand issued under Section 156 of the Act, and notice for initiation of penalty proceedings issued under Section 270A of the Act, of even date, shall stand set aside. Liberty is, however, given to the respondents/revenue to pass a fresh assessment order, albeit, after adhering to the statutory requirements, inter alia, contained in Section 144B of the Act.
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