Case Law Details
Case Name : Jolarpet Malaya Gounder Rajhenthiran Vs National Faceless Assessment Centre (Madras High Court)
Appeal Number : W.P.No.33189 of 2022
Date of Judgement/Order : 16/02/2024
Related Assessment Year :
Courts :
All High Courts Madras High Court
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Jolarpet Malaya Gounder Rajhenthiran Vs National Faceless Assessment Centre (Madras High Court)
n a landmark judgment, the Madras High Court has mandated the National Faceless Assessment Centre to conduct a fresh assessment for Jolarpet Malaya Gounder Rajhenthiran, focusing on rectifying potential oversights in the initial tax evaluation for the fiscal year 2020-21. This case, pivotal in its implications, underscores the judiciary’s commitment to ensuring that tax assessments are not only transparent but also meticulously fair, especially when the initial proceedings may have inadvertently disregarded vital evidence.
Grounds of Addition Challenged:
- Opening and Closing Balance Discrepancy: The first ground of addition involved a significant difference between the opening and closing balances in the assessee’s ledger account, initially perceived as unexplained income. However, the petitioner argued that the discrepancy was fully accounted for, citing the sale of agricultural land which contributed to the closing balance.
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