Income Tax Assessment Set Aside for Violating Seven-Day Notice Requirement

Bangalore Metro Rail Corporation Limited Vs Assessment Unit (Karnataka High Court) The petitioner sought multiple reliefs, including quashing of the show cause notice dated 15.01.2025, the assessment order dated 06.03.2025 issued under Sections 144 and 144B for the assessment year 2023-24, the related computation sheet, demand notice under Section 156, and penalty notices issued under Sections 271AAC(1) and 272A(1)(d). The petitioner also sought any other appropriate orders. The Court heard both parties and examined the materials on record. The petitioner argued that the show cause notice date...