https://www.taxtmi.com/caselaws?id=424005 The Kerala High Court set aside an assessment order and penalty notice under the Income Tax Act, 1961, due to a violation of natural justice principles. The court found that the assessment order deviated from statutory requirements by not serving a draft assessment order or show-cause notice, as mandated by section 144B. The court held that this failure infringed upon natural justice principles and referred to relevant judgments to support its decision. Consequently, the assessment order and penalty notice were both set aside, and the competent authority was directed to promptly serve the necessary documents to the petitioner to ensure compliance with the law. en-us Mon, 06 Dec 2021 00:00:00 +0530 Sat, 18 Jun 2022 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424005 The Kerala High Court set aside an assessment order and penalty notice under the Income Tax Act, 1961, due to a violation of natural justice principles. The court found that the assessment order deviated from statutory requirements by not serving a draft assessment order or show-cause notice, as mandated by section 144B. The court held that this failure infringed upon natural justice principles and referred to relevant judgments to support its decision. Consequently, the assessment order and penalty notice were both set aside, and the competent authority was directed to promptly serve the necessary documents to the petitioner to ensure compliance with the law. Case-Laws Income Tax Mon, 06 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424005