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HC invalidated reassessment proceedings against the Petitioner due to procedural irregularities. The court found significant violations of natural justice, specifically the tax authorities' failure to address the Petitioner's objections before issuing the Assessment Order under Section 147 read with Section 144B of the Income Tax Act. The HC determined that the objections, filed on 30th July 2021, were improperly ignored, and the respondent's claim of no formal objections was factually incorrect. Consequently, the court remanded the matter back to the tax authorities, directing them to first dispose of the Petitioner's objections before proceeding with any further reassessment actions.
HC invalidated reassessment proceedings against the Petitioner due to procedural irregularities. The court found significant violations of natural justice, specifically the tax authorities' failure to address the Petitioner's objections before issuing the Assessment Order under Section 147 read with Section 144B of the Income Tax Act. The HC determined that the objections, filed on 30th July 2021, were improperly ignored, and the respondent's claim of no formal objections was factually incorrect. Consequently, the court remanded the matter back to the tax authorities, directing them to first dispose of the Petitioner's objections before proceeding with any further reassessment actions.
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