HC directs CCIT to pass a reasoned and speaking order

Jamuna Transport Corporation Limited Vs Union of India & Ors (Calcutta high Court) Introduction: The case of Jamuna Transport Corporation Limited vs Union of India involves a writ petition challenging the rejection of an income tax refund claim. The petitioner contests the order dated May 26, 2017, issued under Section 119(2)(b) of the Income Tax Act, 1961, citing a violation of natural justice. Detailed Analysis: The petitioner alleges a breach of natural justice, arguing that it was denied a copy of the assessing officer’s report, a crucial document in the refund rejection. An appl...