Non application of mind – HC Quashes Assessment Order

K. Sivasubramaniam (Deceased) Vs ITO (Madras High Court) Introduction: The case of K. Sivasubramaniam (Deceased) vs ITO before the Madras High Court revolves around an assessment order dated 19.01.2021, which raised questions about the application of mind while passing the order. This article provides an in-depth analysis of the case, focusing on the dispute related to brokerage costs. Background Information: The petitioner filed a Writ Petition seeking to quash the assessment order dated 19.01.2021 issued by the second respondent under Section 154 of the Income Tax Act, 1961, for the assessme...