Non-Adherence to Section 144B Procedure Renders Assessment Order Invalid: Bombay HC

Teerth Developers And Teerth Realties JV (AOP) Vs Additional/ Joint/Deputy/ ACIT/ ITO (Bombay High Court) Absence of adherence to procedure laid down in Section 144B of Income Tax Act render the assessment order patently illegal: Bombay HC Facts of the Case: The petitioner filed a writ petition as the assessment order was passed without issuing a show cause notice-cum-draft assessment order as mandated under Section 144B of the Income Tax Act, 1961. During the course of proceedings, the petitioner provided information as requested by AO. However, the Ld. AO made additions under Section 68 with...