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Bombay HC Quashed Assessment Order as No SCN Issued Under Section 69
Case Law Details
- Case Name
- Vivek Jaisingh Asher Vs ITO (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2020–21
- Courts
- All High Courts, Bombay High Court
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Vivek Jaisingh Asher Vs ITO (Bombay High Court)
The Bombay High Court examined a writ petition challenging an assessment order passed under Sections 143(3) read with 144B of the Income Tax Act for Assessment Year 2020–21. The petitioner had filed a return declaring income of ₹3,11,410, and the case was selected for scrutiny to examine capital gains deduction. A show cause notice dated 23 August 2022 was issued proposing to treat the stamp duty value of a flat received upon surrender of tenancy rights as deemed income under Section 56(2)(x) and to deny deduction under Secti...
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