Assessee should file a return and then seek reasons for reopening: Madras HC

Swapna Manuel Vs ACIT (Madras High Court) The Madras High Court has dismissed two writ petitions filed by Swapna Manuel, who runs a ladies hostel under the name M/s. Olive Castles and is also involved in real estate, challenging an assessment order and a subsequent penalty order for the assessment year 2016-17. The case, Swapna Manuel Vs. Assistant Commissioner of Income Tax (ACIT), involved a reassessment initiated after a survey revealed discrepancies in her declared income of ₹97,08,580. The initial assessment order was quashed by the High Court in an earlier writ petition due to a lack o...