Reassessment disputes: Madras HC Directs Petitioner to Pursue Appellate Remedy

Palpandi Shanthi Priya Vs ITO (Madras High Court) Madras High Court ruled on a writ petition filed by Palpandi Shanthi Priya against the Income Tax Officer (ITO), challenging the reassessment proceedings for AY 2020-21. The petitioner, a loan recovery agent for HDFC Bank, received a notice under Section 148 of the Income Tax Act, 1961, citing income escapement. Despite submitting a detailed reply with supporting documents on 11.11.2024, the petitioner claimed that the authorities failed to consider the evidence, leading to a violation of natural justice principles. The petitioner sought relief...