Madras HC Directs Disposal of AY 2019-20 Income Tax Appeal in Four Months

Ashoka Textiles Vs ACIT (Madras High Court) Madras High Court directed the First Appellate Authority to resolve the pending tax appeal of Ashoka Textiles for the Assessment Year 2019-20 within four months. The company had filed an appeal on May 22, 2024, challenging the reassessment order under Section 246A of the Income Tax Act, 1961. However, despite the pending appeal, the tax department initiated recovery proceedings on June 28, 2024, prompting the petitioner to seek judicial intervention. The petitioner requested the court to direct the appellate authority to expedite the hearing and reso...