Draft Assessment Order Under Faceless Assessment Only for Eligible Assessees: Kerala HC

Noel Villas And Apartments Vs ACIT (Kerala High Court) The Kerala High Court dismissed two writ petitions filed by an assessee challenging the assessment order for Assessment Year 2020-21, the subsequent rectification order, and the related penalty notices issued under Sections 270A and 274 of the Income Tax Act. The Court held that the assessment was completed within the statutory time limit, that issuance of a draft assessment order was not mandatory in the petitioner’s case, and that the petitioner had an effective statutory appellate remedy against the assessment orders. The petition...