Madras HC Sets Aside Assessment Order; Grants Taxpayer Opportunity to File Reply with New Evidence

Smt. Santhana Narayanan Kiruthika Vs Assessment Unit Income Tax Department (Madras High Court) Chennai: The Madras High Court has set aside an income tax assessment order against a teacher who contended that the bank transactions questioned by the tax department were the result of her account being fraudulently misused by a former bank manager. The court directed the Income Tax Department to conduct a fresh assessment after giving the teacher a proper opportunity to present her defense and supporting documents related to the alleged fraud. The petitioner, Smt. Santhana Narayanan Kiruthika, fac...