Draft Assessment Ignoring Filed Return Set Aside for Fresh Consideration: Madras HC

Global Publishing Solutions Limited Vs DCIT (Madras High Court) The Madras High Court disposed of a writ petition challenging a draft assessment order and its corrigendum relating to the petitioner’s assessment for Assessment Year 2018-19. The petitioner, a subsidiary of an Indian company, had received payments from its parent company for services rendered. Tax had not been deducted at source under Section 195 of the Income-tax Act on those payments, resulting in separate proceedings against the Indian company, which were pending before the appellate authority. Meanwhile, the Income-tax ...