Right to prosecute cannot be deprived for mere non-participation in Income Tax assessment proceeding

PE65 The Modakkurichi Circle Teachers And Public Servants Cooperative T & C Society Vs ITO (Madras High Court) Held that merely because of non-participation of the assessment proceedings, the valuable right of the petitioner would not be deprived of to prosecute a case under Section 264. Accordingly, orders passed u/s. 264 alongwith assessment orders u/s. 143 & 147 remanded back for fresh consideration. Facts- Vide the present petition, the petitioner has contested that originally return was filed on 12.01.2024 for the assessment year 2018-19. Earlier, the petitioner had filed a condon...