Madras HC Sets Aside Cryptic Tax Assessment Order, Directs Reassessment

Tvl. K. P. Trading Corporation Vs Assistant Commissioner (ST) (Madras High Court) Madras High Court has set aside an assessment order issued against Tvl. K. P. Trading Corporation due to procedural lapses. The petitioner contended that the tax authorities failed to determine the tax liability properly and disregarded a prior circular from the Commissioner of State Tax, which mandated a reasoned order. The petitioner further argued that, despite submitting a reply, the order unjustly treated it as non-compliant without adequate justification. The court noted that the assessment order was crypti...