https://www.taxtmi.com/caselaws?id=422970 The Court allowed the Assessing Authority to proceed with the assessment for Assessment Year 2016-17 based on the Section 263 order. The petitioner was directed to cooperate within a specified timeframe. No further actions, such as demand notices, were to be taken against the assessee until the ITAT's decision. The ITAT was instructed to conclude the appeal proceedings promptly to enable the Assessing Authority to act accordingly. The Court emphasized the importance of due process and fairness in assessment proceedings, balancing the interests of both the assessee and the Revenue. en-us Thu, 31 Mar 2022 00:00:00 +0530 Fri, 11 Aug 2023 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422970 The Court allowed the Assessing Authority to proceed with the assessment for Assessment Year 2016-17 based on the Section 263 order. The petitioner was directed to cooperate within a specified timeframe. No further actions, such as demand notices, were to be taken against the assessee until the ITAT's decision. The ITAT was instructed to conclude the appeal proceedings promptly to enable the Assessing Authority to act accordingly. The Court emphasized the importance of due process and fairness in assessment proceedings, balancing the interests of both the assessee and the Revenue. Case-Laws Income Tax Thu, 31 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422970