Income Tax Assessment Set Aside as SCN Reply Was Not Properly Considered

Pricewaterhouse Coopers Private Limited Vs ACIT (Calcutta High Court) The Calcutta High Court allowed a writ petition challenging an assessment order dated March 30, 2026 passed under Section 143(3) of the Income Tax Act, 1961 for Assessment Year 2024-25, along with the consequential demand and penalty proceedings, on the ground that the assessment was completed in violation of the principles of natural justice and without providing an effective opportunity of hearing. The petitioner, a consultancy company, filed its return of income declaring a loss, which was later revised. The return was in...