Court Quashes Assessment Order for Ignoring Revised Return and Section 54F Claims Without Reasons.

Court Quashes Assessment Order for Ignoring Revised Return and Section 54F Claims Without Reasons. https://www.taxtmi.com/highlights?id=47055 Writ against assessment order - non consideration of belated defective and revised return - it is sine-qua-non for the AO to consider the claims of deduction/exemption and record “reasons” being a quasi-judicial authority - no reasons are forthcoming for rejecting the revised returns as well as the claims made u/s 54F - no bar to invoke the writ jurisdiction against a palpable illegal order - order quashed en-us Sat, 08 Jun 2019 07:41:19 +0530 Sat, 08 Jun 2019 07:41:19 +0530 TaxTMI RSS Generator Court Quashes Assessment Order for Ignoring Revised Return and Section 54F Claims Without Reasons. https://www.taxtmi.com/highlights?id=47055 Writ against assessment order - non consideration of belated defective and revised return - it is sine-qua-non for the AO to consider the claims of deduction/exemption and record “reasons” being a quasi-judicial authority - no reasons are forthcoming for rejecting the revised returns as well as the claims made u/s 54F - no bar to invoke the writ jurisdiction against a palpable illegal order - order quashed Highlights Income Tax Sat, 08 Jun 2019 07:41:19 +0530 https://www.taxtmi.com/highlights?id=47055