HC took strong view against Carelessness by AO in Assessment

Mantra Industries Limited Vs National Faceless Assessment Centre (NFAC or NeAC) & Ors. (Bombay High Court) Assessment orders passed without application of mind liable to be set aside and invite substantial costs to be imposed on such AO HC has held that an assessment order passed by the Assessing Officer (AO) should necessarily be made with sound consideration and application of mind, and any absence thereof shall make the order liable to be set aside and would warrant imposition of substantial costs on such AO. In the present petition, Mantra Industries Ltd. (“the Petitioner”) had imp...