2026 (5) TMI 1281

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....come Tax<br>HONOURABLE SRI JUSTICE R RAGHUNANDAN RAO AND HONOURABLE SRI JUSTICE T.C.D. SEKHAR Counsel for the Petitioner : Kadimisetty Sai Sreenadh Counsel for the Respondent(S) : None ORDER PER HON'BLE SRI JUSTICE R. RAGHUNANDAN RAO : Heard Sri Dheera Kanishka, the learned counsel appearing on behalf of Sri Kadimisetty Sai Sreenadh, the learned counsel appearing for the petitioner ....

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....n to the petitioner. Thereafter, the Assessing Officer, issued a show-cause notice, dated 25.02.2026, calling upon the petitioner to produce documentary evidence to demonstrate that the sum of Rs.58,75,000/-, received by the petitioner was on account of compulsory acquisition of the land of the petitioner. The time given for production of such documentary evidence was 5 days, ending with 02.03.202....

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....the minimum time that had been granted to the petitioner was 7 days in as much as the limitation, for the said assessment, would expire only, on 31.03.2026. 7. In that view of the matter, it must be held that the order of assessment as well as show-cause notice, are not in compliance of the Standard Operating Procedure, which is circulated by the proceedings, dated 03.08.2022, issued by the Nat....