Bombay HC Quashes CBDT Order Over Unsigned Hearing & Withheld Field Report

Tata Autocomp Gotion Green Energy Solutions Private Limited Vs Central Board of Direct Taxes & Ors. (Bombay High Court) Bombay High Court Quashes CBDT Order on Tax Concession: The Bombay High Court has set aside an order issued by the Central Board of Direct Taxes (CBDT) on December 5, 2023, which denied Tata Autocomp Gotion Green Energy Solutions Private Limited certain tax benefits under Section 115BAB of the Income Tax Act, 1961. The court ruled that the decision was procedurally flawed as it was not signed by the Member who conducted the personal hearing and relied on undisclosed repor...