https://www.taxtmi.com/caselaws?id=418034 The Assessment Order under the Income Tax Act, 1961 for the Assessment Year 2018-2019 was challenged by the petitioner. The Court found that while the Assessment Order was valid in terms of the business takeover and notices issued, the petitioner was not afforded a fair opportunity to respond to the Show Cause Notice. As a result, the Assessment Order was quashed, and the case was remitted for a fresh order within sixty days. The petitioner was granted thirty days to file a reply and relevant documents, with proceedings to be conducted via Video Conferencing. The Court emphasized the necessity of providing a fair opportunity for taxpayers in assessment proceedings. en-us Wed, 10 Nov 2021 00:00:00 +0530 Mon, 07 Feb 2022 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418034 The Assessment Order under the Income Tax Act, 1961 for the Assessment Year 2018-2019 was challenged by the petitioner. The Court found that while the Assessment Order was valid in terms of the business takeover and notices issued, the petitioner was not afforded a fair opportunity to respond to the Show Cause Notice. As a result, the Assessment Order was quashed, and the case was remitted for a fresh order within sixty days. The petitioner was granted thirty days to file a reply and relevant documents, with proceedings to be conducted via Video Conferencing. The Court emphasized the necessity of providing a fair opportunity for taxpayers in assessment proceedings. Case-Laws Income Tax Wed, 10 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418034