HC Quashes Assessment Order for AO’s Failure to Consider Petitioner’s Response/documents

Praveen Sanjiv Vs ITO (Madras High Court) In the case of Praveen Sanjiv vs. ITO, the Madras High Court addressed a challenge to an assessment order for the assessment year 2015-16 on grounds of breach of principles of natural justice. Here’s a detailed summary of the case: The petitioner, Praveen Sanjiv, challenged an assessment order issued on 26.03.2024, which reopened his assessment under Section 148A(b) of the Income-tax Act, 1961. The proceedings were initiated based on allegations regarding two purchases of immovable property. The petitioner admitted to one transaction and provided rel...