HC quashes Assessment Order passed under Old Surrendered PAN

Shakuntala Sales Incorporation Vs ACIT (Calcutta High Court) By this writ petition, petitioner has challenged the impugned assessment order dated 29th March, 2022 under Section 147 of the Income Tax Act, 1961, relating to the assessment year 2017-18. The main ground of challenge by the petitioner against the impugned assessment order dated 29th March, 2022 is that the same has been passed in total violation of principle of natural justice since before passing the aforesaid impugned assessment order all the formal notices were issued under the old surrendered PAN being ABGFS 1657 Q and the surr...