Assessment u/s. 143(3) quashed as being in violation of provisions of section 144B

Optical Health Solutions Private Limited Vs Union of India (Telangana High Court)

Telangana High Court held that initiation of proceedings under section 143(3) of the Income Tax Act after 01.04.2021 without following provisions of section 144B i.e. assessment being carried out in faceless manner is not justifiable. Accordingly, orders are quashed and appeals are allowed.

Facts- During the assessment proceedings, the Assessing Officer raised queries regarding ‘other long term liabilities’ amounting to Rs.246 crores shown in the balance sheet as on 31.03.

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