Issuance of notice mandatory before an adverse conclusion arrived in assessment order: Madras HC

Pahilajrai Lund Vs ACIT (Madras High Court)

Madras High Court held that the petitioners are entitled to a notice before an adverse conclusion arrived in the Impugned Assessment Order. Accordingly, assessment order set aside and matter remitted back.

Facts- The petitioners are before this Court against the Impugned Assessment Order dated 27.09.2021 passed under Section 147 read with Section 144B of the Income Tax Act, 1961. It is mainly contested that invocation of jurisdiction under Section 148 of the Act was beyond the period of limitation under Section 148

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