https://www.taxtmi.com/caselaws?id=774536 The Madras HC allowed a revision petition challenging rejection under Section 264. The petitioner failed to participate in assessment proceedings due to notices being served on old PAN number following conversion from trust to society. Despite non-participation, the HC held that valuable rights under Section 264 cannot be deprived merely for this reason. Considering practical difficulties arising from management change and in the interest of justice, the court set aside both the Section 264 rejection order and best judgment assessment under Section 147, remanding the matter to the AO for fresh consideration. en-us Fri, 13 Jun 2025 00:00:00 +0530 Thu, 10 Jul 2025 08:39:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774536 The Madras HC allowed a revision petition challenging rejection under Section 264. The petitioner failed to participate in assessment proceedings due to notices being served on old PAN number following conversion from trust to society. Despite non-participation, the HC held that valuable rights under Section 264 cannot be deprived merely for this reason. Considering practical difficulties arising from management change and in the interest of justice, the court set aside both the Section 264 rejection order and best judgment assessment under Section 147, remanding the matter to the AO for fresh consideration. Case-Laws Income Tax Fri, 13 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774536