Madras HC Quashes Income Tax Assessment Order Amid Pending Objections before DRP

Multicoreware India P. Ltd Vs Assessment Unit Income Tax Department (Madras High Court)  The Madras High Court recently rendered a crucial judgment in the case of Multicoreware India P. Ltd vs. Assessment Unit Income Tax Department. The court addressed the validity of an Income Tax assessment order issued while objections were pending before the Dispute Resolution Panel (DRP). The petitioner had filed its income tax return for the assessment year 2021-22, following which a notice was issued under Section 143(2) of the Income Tax Act. Despite the petitioner’s objections filed with the Di...