SC Upholds HC Relief as Assessment Was Set Aside for Violating Interim Stay; SLP Dismissed on Delay

ITO Vs Mangalkamna Commosale Private Limited (Supreme Court of India) The Supreme Court considered a petition filed by the Income Tax Department challenging the Calcutta High Court’s order dated 29 August 2023, by which the respondent’s writ petition was allowed and the Department’s assessment order was set aside. The Supreme Court noted that the High Court had set aside the assessment on the ground that it was passed in violation of an interim order granted in favour of the assessee. As per the High Court record placed in the material, the writ petition before the Calcutta High Court ...