https://www.taxtmi.com/caselaws?id=763134 The HC set aside the assessment order against the Provident Fund Trust, which sought exemption under Section 10(25)(ii) of the Income Tax Act for AY 2018-19. The Court found procedural unfairness due to the Trust's delayed response caused by Covid-19 challenges. It directed tax authorities to issue a fresh assessment order, ensuring procedural fairness and adequate opportunity for the Trust to be heard. The judgment underscores the necessity for flexibility in assessment proceedings during extraordinary circumstances, such as the pandemic, to prevent undue prejudice against taxpayers. en-us Fri, 22 Nov 2024 00:00:00 +0530 Fri, 13 Dec 2024 07:23:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763134 The HC set aside the assessment order against the Provident Fund Trust, which sought exemption under Section 10(25)(ii) of the Income Tax Act for AY 2018-19. The Court found procedural unfairness due to the Trust's delayed response caused by Covid-19 challenges. It directed tax authorities to issue a fresh assessment order, ensuring procedural fairness and adequate opportunity for the Trust to be heard. The judgment underscores the necessity for flexibility in assessment proceedings during extraordinary circumstances, such as the pandemic, to prevent undue prejudice against taxpayers. Case-Laws Income Tax Fri, 22 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763134