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 resolution of the case.
Upon hearing both parties, the High Court acknowledged the urgency of the matter and instructed the appellate authority to consider the appeal on its merits while ensuring due process. The court clarified that it had not expressed any opinion on the merits of the case and left it to the appellate authority to make an independent decision. With this directive, the writ petition was disposed of without any cost orders.
FULL TEXT OF THE JUDGMENT/ORDER OF MADRAS HIGH COURT
This Writ Petition has been filed seeking a direction to the third respondent / First Appellate Authority to dispose of the pending appeal relating to the Assessment Year 2019-2020, filed on 22.05.2024 in Acknowledgement No. 230784790220524.
