Assessment Order passed Without Considering Submission due to approaching Deadline: HC set-aside

SKM Animal Feeds and Foods (India) Private Limited Vs ACIT (Madras High Court) Assessment Order was set aside and remanded back as it was passed hastily amidst approaching deadline without considering assessee’s submission Conclusion: Since assessment order which was passed hastily without considering the taxpayer’s submission amidst the approaching deadline, the case was remitted back to the respondents to pass orders on merits, within a period of six months from the date of receipt of a copy of this order. Held: The case of assessee-company was that originally the assessment was tran...