HC Sets Aside ITO’s Order Over Failure to Consider Taxpayer’s Response

Jagriti Yadav Vs ITO (Delhi High Court) The Delhi High Court recently passed an order in the case of Jagriti Yadav Vs. Income Tax Officer (ITO) concerning Assessment Year 2016-17. The petitioner alleged that the ITO initiated reassessment proceedings based on erroneous grounds and failed to consider their responses during the process. As a result, the court decided to set aside the order and provided further directions to the AO. In the case, the petitioner claimed that cash deposits of Rs. 78,30,015/- were wrongly unaccounted for, and the reassessment proceedings were initiated under the assu...