Karnataka HC Remands Reassessment as Petitioner Failed to Participate Due to Auditor’s Lapse

Prathamika Krishi Pathina Sahakara Sangha Niyamitha Vs CIT (Appeals) (Karnataka High Court) Karnataka HC Quashes Income Tax Assessment Because Section 80P(2) Exemption Was Not Properly Considered; Bank Attachment Set Aside Because Cooperative Society Claimed Farmer Deposits Were Exempt; Ex-Parte Income Tax Order Quashed Because Cooperative Society Sought Opportunity to Prove Section 80P(2) Claim; Karnataka HC Sets Aside Tax Demand Because Deposits Were Claimed to Be Farmers’ Funds The Karnataka High Court examined a challenge to an assessment order and demand notice issued under the Income T...