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Case Law Details

Case Name : Mahogany Logistics Services Private Limited Vs ITO (Madras High Court)
Appeal Number : W.P.(MD) No.10198 of 2024
Date of Judgement/Order : 23/08/2024
Related Assessment Year : 2017-2018
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Mahogany Logistics Services Private Limited Vs ITO (Madras High Court)

Madras High Court quashed the reassessment proceedings initiated against Mahogany Logistics Services Private Limited for the Assessment Year 2017-18. The company had filed its return on 13.10.2017, declaring a loss, and an assessment order was passed under Section 143(3) of the Income Tax Act, 1961, on 27.12.2019. The return was initially selected for limited scrutiny, and multiple notices under Sections 143(2) and 142(1) were issued, seeking details on exempt income, investments, and financial transactions. Aft

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