Assessment Order passed before Due Date of Submission of Documents violates Principle of Natural Justice

Subh Stock Broking Pvt. Ltd. Vs DCIT (Calcutta High Court) By this writ petition, petitioner has challenged the impugned assessment order dated 4th February, 2022 under Section 147 of the Income Tax Act, 1961 relating to the assessment year 2015-16 mainly on two grounds, namely that the petitioner’s objection to the recorded reason was rejected by passing a non-speaking order and without dealing with the contentions raised in its objection to the recorded reason and secondly that before passing the impugned assessment order, the assessing officer had issued a notice dated 3rd February, 2022 ...