Case Law Details
Vinplex India Private Limited Vs Additional/Joint/Deputy/ACIT (Madras High Court)
In the case of Vinplex India Private Limited Vs Additional/Joint/Deputy/ACIT, the Madras High Court addresses the consequences of unexplained income addition due to non-filing of reply by the assessee, accompanied by changes in address and email ID. The court directs the Assessing Officer to pass a speaking order.
Introduction: The case of Vinplex India Private Limited Vs Additional/Joint/Deputy/ACIT involves a significant issue related to the addition of unexplained income under Section 69 of the Income Tax Act, 1961. The Madras High Court’s verdict in this case sheds light on the impact of an assessee’s failure to file a reply, coupled with changes in the address and email ID on the assessment order.
Analysis:
1. Background and Impugned Assessment Order: The petitioner challenged the Assessment Order dated 08.09.2021 for the Assessment Year 2018-2019. The assessment order added Rs.60 Crores as unexplained investment under Section 69. Despite several notices, including a Show Cause Notice, the petitioner did not respond.
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