Karnataka HC Quashes ₹9.10 Cr Ex-Parte Reassessment for lack of hearing opportunity

Arcade Constructions Vs ITO (Karnataka High Court) Karnataka HC on Reopening: Opportunity of Hearing is a Must! -Quashes ₹9.10 Cr Ex-Parte Reassessment; Karnataka HC Quashes Ex-Parte Reassessment & Penalty Orders Against Arcade Constructions Karnataka High Court dealt with the validity of reassessment proceedings initiated u/s 148A(b) & concluded ex-parte against a partnership firm. Arcade Constructions, a partnership firm registered u/s 58(1) of the Partnership Act, had closed its business during the onset of the pandemic & had not filed its return for AY 2020-21. Dept issued n...