Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2020 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (11) TMI 523 - HC - Income TaxBest judgment assessment - as contented petitioner did not have notice of the proposed assessment proceedings and as such, the petitioner could not furnish the details - demand notice - revenue said request for stay of the operation of the impugned order would be considered by the appellate authority only if 20% of the amount due as per the impugned assessment order is deposited - HELD THAT:- Assessment is based on the best judgment and no notice is addressed to the aforementioned petitioner email ID, this Court is of the considered view that it would be just and reasonable to set aside the impugned Assessment Order and the consequential Demand Notice without expressing any opinion on the merits of the assessment remitting the matter for reconsideration subject to the condition that the petitioner shall deposit 20% of the impugned demand as per the impugned assessment order within a period of two weeks from the date of receipt of a certified copy of this order and informing the authorities on email about such deposit. If the petitioner makes such deposit and informs the concerned authority by email, the assessing authority shall extend an opportunity to the petitioner to show cause and decide the question of assessment in accordance with law.
|