Punjab & Haryana HC sets aside Reassessment Proceedings initiated without conducting Faceless Assessment u/s 144 B of Income Tax Act [Read Order]
The court held that circular or instructions by the Board could not have been issued to override statutory provisions or to make them otiose or obsolete. Legislative enactments having financial implications are required to be followed strictly and mandatorily
In a recent case, the Punjab & Haryana High Court set aside the reassessment proceedings initiated without conducting Faceless Assessment under section 144B of Income Tax Act,1996. Bhartiya Cottex,the petitioner challenged the order before the High court. The issue involved in the present petition stands finally examined and concluded by the Court in Jasjit Singh…
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