Bombay HC Warns Tax Officers on delays in serving assessment orders

Nirjay Securities P. Ltd. Vs ITO (Bombay High Court) The Bombay High Court recently delivered a judgment in the case of Nirjay Securities P. Ltd. vs. Income Tax Officer (ITO), shedding light on a significant legal matter involving the Income Tax Act of 1961. This article delves into the details of the case, analyzing the petitioner’s claims, the court’s response, and the implications for taxpayers. 1. Allegations of Delay: The petitioner alleged that they responded to a notice under Section 142(1) of the Income Tax Act on 9th and 16th March 2021. Surprisingly, the 2nd respondent to...