Bombay HC Quashes Income Tax Order Passed few Hours Before SCN Reply Deadline

Sai Kiran Clearing Co. Pvt. Ltd. Vs DCIT (Bombay High Court) The Bombay High Court has set aside a reassessment order dated March 30, 2022, citing a “gross and apparent violation of principles of natural justice.” The ruling came in a writ petition challenging the order, which was passed by the second respondent even before the petitioner’s response to a show cause notice could be considered. The petitioner had been issued a show cause notice on March 29, 2022, requiring a response by 11:59 PM on March 30, 2022. Despite the short timeframe, the petitioner filed their response...