https://www.taxtmi.com/caselaws?id=765292 The Bombay HC held that the order dated 30 March 2021 was a draft assessment order, not a final assessment order, as mandatory procedures were not followed. Consequently, the demand notice dated 30 March 2021, penalty order dated 16 March 2022, and recovery notices dated 30 December 2021 were quashed and set aside. The court ruled that tax or penalty demands and recovery actions cannot be based on a draft assessment order alone. en-us Mon, 27 Jan 2025 00:00:00 +0530 Wed, 29 Jan 2025 09:00:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765292 The Bombay HC held that the order dated 30 March 2021 was a draft assessment order, not a final assessment order, as mandatory procedures were not followed. Consequently, the demand notice dated 30 March 2021, penalty order dated 16 March 2022, and recovery notices dated 30 December 2021 were quashed and set aside. The court ruled that tax or penalty demands and recovery actions cannot be based on a draft assessment order alone. Case-Laws Income Tax Mon, 27 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765292