2024 (5) TMI 829

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.... For the Petitioner : Ms. G. Vardini Karthik For the Respondents : Mr. Prabhu Mukunth Arunkumar, Junior Standing Counsel COMMON ORDER An assessment order dated 11.03.2023 and a penalty order dated 26.09.2023, respectively, are under challenge in these writ petitions on the ground that the petitioner did not have a reasonable opportunity to contest the matter on merits. 2. The petition....

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.... less than Rs. 50 lakhs. She also raised the contention that the 'income chargeable to tax' and not merely the income should be equal to or more than Rs. 50 lakhs. 4. Mr. D. Prabhu Mukunth Arunkumar, learned junior standing counsel, appears on behalf of the respondent. A counter was also filed on behalf of the respondent. He submits that re-assessment proceedings were duly initiated by ....

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....ot taken into consideration and that if such debits were considered, the alleged escaped income would be less than the prescribed minimum threshold of Rs. 50,00,000/-. Since the petitioner could not contest the matter on merits earlier, the interest of justice warrants that an opportunity be provided to the petitioner. Since I propose to remand the matter, I do not intend to record any findings wi....