Kerala HC Quashes Income Tax Assessment Order Citing Violation of Natural Justice Principles

PLY Park Vs ITO (Kerala High Court) Introduction: The Kerala High Court recently delivered a crucial judgment in the case of PLY Park Vs ITO, highlighting a violation of natural justice principles in an Income Tax assessment. The petitioner, an assessee under the Income Tax Act, challenged the assessment order for the fiscal year 2018-19. Detailed Analysis: The petitioner, having not filed its return for the said assessment year, faced scrutiny due to significant cash transactions. Despite being granted an opportunity to respond to the notice under Section 148, the petitioner alleged a breach ...