https://www.taxtmi.com/caselaws?id=430790 The Calcutta High Court allowed the appeal, setting aside the assessment order due to violations of natural justice in the assessment process under the Income Tax Act, 1961. The Court emphasized the necessity of issuing a show cause notice under Section 144B(1)(xii)(b) and directed the assessing officer to provide the assessee with an opportunity to file objections and documents. Penalty proceedings initiated were also set aside, with instructions for their resumption post a fresh assessment. The Court highlighted the importance of procedural fairness and adherence to statutory requirements in assessment proceedings. en-us Wed, 16 Nov 2022 00:00:00 +0530 Mon, 26 Jun 2023 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430790 The Calcutta High Court allowed the appeal, setting aside the assessment order due to violations of natural justice in the assessment process under the Income Tax Act, 1961. The Court emphasized the necessity of issuing a show cause notice under Section 144B(1)(xii)(b) and directed the assessing officer to provide the assessee with an opportunity to file objections and documents. Penalty proceedings initiated were also set aside, with instructions for their resumption post a fresh assessment. The Court highlighted the importance of procedural fairness and adherence to statutory requirements in assessment proceedings. Case-Laws Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430790