https://www.taxtmi.com/caselaws?id=763334 The HC quashed the assessment order due to the non-service of mandatory show cause notices under Section 144B(1)(xvi) of the Income Tax Act, 1961. The matter was remitted to the Assessing Officer for a fresh assessment, ensuring compliance with statutory requirements by allowing the petitioner to respond to the notices. The reassessment must be completed within twelve weeks. The petition was disposed of in favor of the petitioner. en-us Tue, 03 Dec 2024 00:00:00 +0530 Tue, 17 Dec 2024 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763334 The HC quashed the assessment order due to the non-service of mandatory show cause notices under Section 144B(1)(xvi) of the Income Tax Act, 1961. The matter was remitted to the Assessing Officer for a fresh assessment, ensuring compliance with statutory requirements by allowing the petitioner to respond to the notices. The reassessment must be completed within twelve weeks. The petition was disposed of in favor of the petitioner. Case-Laws Income Tax Tue, 03 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763334