https://www.taxtmi.com/caselaws?id=757596 The HC quashed the assessment and penalty orders against the petitioners, who challenged the assessments issued on a best judgment basis due to non-receipt of notices and failure to submit documents for agricultural income exemption. The court directed a fresh assessment, imposing a penalty on the petitioners for non-submission of responses, and emphasized the necessity of cooperation and timely conclusion of proceedings. The writ petitions were disposed of without costs, and related miscellaneous petitions were closed. en-us Mon, 29 Jan 2024 00:00:00 +0530 Thu, 29 Aug 2024 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757596 The HC quashed the assessment and penalty orders against the petitioners, who challenged the assessments issued on a best judgment basis due to non-receipt of notices and failure to submit documents for agricultural income exemption. The court directed a fresh assessment, imposing a penalty on the petitioners for non-submission of responses, and emphasized the necessity of cooperation and timely conclusion of proceedings. The writ petitions were disposed of without costs, and related miscellaneous petitions were closed. Case-Laws Income Tax Mon, 29 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757596