2026 (8) TMI 58

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....is judgment. 2. Rule. Learned Senior Standing Counsel Mr. Dev D. Patel waives service of notice of Rule on behalf of the respondents. 3. The present petitioner is prayed for quashing and setting aside of the assessment order dated 17.03.2026 passed under Section 143(3) read with Section 144B of the Income Tax Act, 1961 (for short, "the Act") for the Assessment Year 2024-25. 4. The petitioner is a private limited company. All its shareholders are individuals and citizens of India. 5. For the Assessment Year 2024-25, the petitioner filed its return of income on 20.10.2024 declaring a total income of Rs.1,05,91,080/-. 6. The case of the petitioner was selected for scrutiny assessment. Pursuant thereto, notices were issued by the....

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....ncluding the judgment of the Karnataka High Court in the case of Sanjay Harichand Chugh Vs. Assessment Unit, (2026) 185 taxmann.com 80 (Karnataka), wherein the Court, while considering a case in which only six days' time had been granted to respond to the notice, quashed the assessment order and remanded the matter for fresh consideration. 11. Reliance is also placed upon the judgment of this Court dated 09.02.2026 passed in Special Civil Application No. 1210 of 2023. It is urged that the impugned order be quashed and set aside and the matter be remanded for fresh adjudication. 12. Opposing the aforesaid submissions, learned Senior Standing Counsel Mr. Dev D. Patel has submitted that the petitioner had, in fact, filed its reply be....