Lack of Participation: Madras HC Remands Income Tax Reassessment & Penalty Orders

Advertisement Vijayakumar Vs Assessment Unit (Madras High Court) The case of Vijayakumar Vs Assessment Unit, adjudicated upon by the Madras High Court, revolved around the challenge to an assessment order and a penalty order concerning income tax. The petitioner, an income tax assessee, contested these orders primarily on the grounds of not having been given a reasonable opportunity to contest the matter on merits. The crux of the issue stemmed from a notice issued to the petitioner under Section 148A(b) of the Income Tax Act 1961, pertaining to an alleged escaped income of Rs. 53,56,000/- ...