https://www.taxtmi.com/caselaws?id=416963 The High Court of Madras set aside the impugned order demanding Income Tax based on import-export data due to a significant discrepancy in duty drawback amount received by the petitioner. The court emphasized the necessity of providing notice to the petitioner before confirming the tax demand. The case was remitted back to the respondents for a fresh determination, with directions to issue a notice under Section 144B of the Income Tax Act. The respondents were instructed to pass a speaking order within forty-five days. The court disposed of the Writ Petition with specific instructions, and the connected Writ Miscellaneous Petitions were closed without costs. en-us Fri, 03 Dec 2021 00:00:00 +0530 Wed, 12 Jan 2022 08:40:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416963 The High Court of Madras set aside the impugned order demanding Income Tax based on import-export data due to a significant discrepancy in duty drawback amount received by the petitioner. The court emphasized the necessity of providing notice to the petitioner before confirming the tax demand. The case was remitted back to the respondents for a fresh determination, with directions to issue a notice under Section 144B of the Income Tax Act. The respondents were instructed to pass a speaking order within forty-five days. The court disposed of the Writ Petition with specific instructions, and the connected Writ Miscellaneous Petitions were closed without costs. Case-Laws Income Tax Fri, 03 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416963