Madras HC Sets Aside Income Tax Assessment for Lack of Hearing

SMILE Microfinance Limited Vs ACIT (Madras High Court)

The petitioner, SMILE Microfinance Limited, a registered Non-Banking Financial Company (NBFC-MFI) licensed by the RBI, filed a writ petition before the Madras High Court seeking to quash the assessment order dated 31.12.2019 passed under Section 143(3) of the Income Tax Act for Assessment Year 2017–18. The petitioner primarily argued that the order was issued without providing an opportunity for a personal hearing and was, therefore, violative of the principles of natural justice.

The company, engaged in micro

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