https://www.taxtmi.com/caselaws?id=390380 The court set aside the re-assessment proceedings initiated against a Cyprus-incorporated company for the Assessment Year 2012-13, citing the Assessing Officer's failure to adequately address the petitioner's objections and discrepancies in tax forms. Emphasizing the significance of the right to object to re-assessment, the court criticized the lack of application of mind by the Assessing Officer and ordered a fresh assessment to be conducted after properly considering the petitioner's objections. The judgment highlighted the importance of a thorough examination of submissions to prevent unnecessary harassment and protect the taxpayer's rights. en-us Thu, 19 Dec 2019 00:00:00 +0530 Tue, 31 Dec 2019 16:03:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390380 The court set aside the re-assessment proceedings initiated against a Cyprus-incorporated company for the Assessment Year 2012-13, citing the Assessing Officer's failure to adequately address the petitioner's objections and discrepancies in tax forms. Emphasizing the significance of the right to object to re-assessment, the court criticized the lack of application of mind by the Assessing Officer and ordered a fresh assessment to be conducted after properly considering the petitioner's objections. The judgment highlighted the importance of a thorough examination of submissions to prevent unnecessary harassment and protect the taxpayer's rights. Case-Laws Income Tax Thu, 19 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390380