Assessee’s Response Ignored: Madras High Court Quashes Assessment Order

Voora Property Developers Private Limited Vs ACIT (Madras High Court) In a recent judgment, the Madras High Court, in the case of Voora Property Developers Private Limited vs. ACIT, took a strong stance against the Assessment Order dated 08.09.2022 for the Assessment Year 2020-21. The court outlined that on 12.08.2022, the respondent had issued a show cause notice to the petitioner concerning proposed variations in the ongoing assessment proceedings. The petitioner was granted an opportunity to respond by 11:00 hours on 24.08.2022, with an adjournment request made for an extension until 09.202...