Assessment Cannot Be Remanded Without Deciding Validity of Section 144 Order: Delhi HC

Akasaki Technology Pvt Ltd Vs PCIT (Delhi High Court) Akasaki Technology Pvt Ltd (“the appellant”), a private limited company, challenged the orders of the Income Tax Appellate Tribunal (“ITAT”) and the Commissioner of Income Tax (Appeals) [“CIT(A)”]/National Faceless Appeal Centre relating to the Assessment Year 2012-13 before the Delhi High Court. The appeal concerned the assessment order passed on 24 December 2019 under Section 144 read with Section 147 of the Income Tax Act, 1961 (“Act”) after reopening the appellant’s income. The appellant had originally declared total i...