SC Remands Faceless Assessment as Mandatory Section 144B Procedure Was Not Followed

DCIT Vs Abacus Real Estate Private Limited (Supreme Court of India) The Revenue challenged the Bombay High Court judgment that had set aside an assessment order passed under the faceless assessment scheme on the ground that the mandatory procedure prescribed under Section 144B of the Income-tax Act, 1961 had not been followed. The High Court had held that the assessment order was non est because the assessee had not been issued or served with a show-cause notice along with a draft assessment order before the final assessment was made. Before the High Court, the assessee had challenged the asse...