https://www.taxtmi.com/caselaws?id=461372 The HC stayed an assessment order and demand notice issued under Sections 147 and 144 read with Section 144B of the Income Tax Act. The Court found procedural lapses in the assessment process, noting the Assessing Officer failed to consider the petitioner's responses to notices under Section 148A(b) before proceeding with the assessment. Additionally, the petitioner was not afforded adequate opportunity to respond to the show-cause notice, receiving less than the stipulated seven-day period. The Court determined the prerequisites for invoking Section 144 (best judgment assessment) were not met, as the petitioner had generally complied with procedural requirements. en-us Tue, 11 Apr 2023 00:00:00 +0530 Tue, 01 Apr 2025 19:43:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461372 The HC stayed an assessment order and demand notice issued under Sections 147 and 144 read with Section 144B of the Income Tax Act. The Court found procedural lapses in the assessment process, noting the Assessing Officer failed to consider the petitioner's responses to notices under Section 148A(b) before proceeding with the assessment. Additionally, the petitioner was not afforded adequate opportunity to respond to the show-cause notice, receiving less than the stipulated seven-day period. The Court determined the prerequisites for invoking Section 144 (best judgment assessment) were not met, as the petitioner had generally complied with procedural requirements. Case-Laws Income Tax Tue, 11 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461372