Bombay HC Quashes Faceless Assessment as Mandatory SCN Was Not Issued

Advertisement Trendsutra Client Services Pvt. Ltd. Vs ACIT (Bombay High Court) The petitioner challenged an assessment order dated 18 April 2021 for Assessment Year 2018-19, passed under the faceless assessment regime, by which its total income was computed at ₹62.18 crore and a demand of ₹63.35 crore was raised. The petitioner sought quashing of the assessment order and the consequential demand notice. Initially, the Income Tax Department issued a notice seeking information, to which the petitioner responded. Thereafter, the assessment was transferred to the Faceless Assessment Scheme,...