Assessment Order Set Aside, Costs Imposed for Non-Disclosure of DRP Pendency

Zarah Rafique Malik Vs ITO (Bombay High Court) Bombay High Court has set aside a final assessment order against Zarah Rafique Malik for the assessment year 2022-23, while simultaneously imposing costs of ₹10,000 on the petitioner for inadvertently failing to inform the assessing officer (AO) about objections pending before the Dispute Resolution Panel (DRP). The ruling, delivered recently, emphasizes procedural adherence in tax matters but allows for reconsideration where factual objections are on record. The case, Zarah Rafique Malik Vs ITO, arose from a scrutiny assessment of the petitione...