Madras HC Quashes Assessment Order as reasonable time not provided to petitioner

Imperial Shipping Service Vs Assessment Unit (Madras High Court) The Madras High Court recently delivered a significant judgment regarding an Income Tax assessment order challenged on grounds of breaching principles of natural justice. The case pertains to Imperial Shipping Service versus the Assessment Unit. The petitioner filed their income tax return for the assessment year 2022-23, declaring an income of Rs. 1,19,06,850/-. Subsequently, notices were issued under Section 143(2) and Section 142(1), initiating scrutiny. The crux of the matter lies in a show cause notice dated 19.03.2024, prop...