https://www.taxtmi.com/caselaws?id=445145 The HC addressed a writ petition concerning reassessment proceedings for Assessment Year 2016-17 due to high-value property transactions. The petitioner argued the proceedings were time-barred and disputed the alleged escaped income. The court, however, found further inquiry necessary as no Income Tax Return was filed. The petitioner was directed to file the Return of Income within thirty days, and the AO was instructed to consider all submissions before issuing an assessment order. The petition was disposed of, with parties to act based on the digitally signed judgment. en-us Wed, 09 Aug 2023 00:00:00 +0530 Wed, 01 Nov 2023 08:48:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445145 The HC addressed a writ petition concerning reassessment proceedings for Assessment Year 2016-17 due to high-value property transactions. The petitioner argued the proceedings were time-barred and disputed the alleged escaped income. The court, however, found further inquiry necessary as no Income Tax Return was filed. The petitioner was directed to file the Return of Income within thirty days, and the AO was instructed to consider all submissions before issuing an assessment order. The petition was disposed of, with parties to act based on the digitally signed judgment. Case-Laws Income Tax Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445145