Allowing the petition the Court held that the assessment order had been issued without following mandatory procedure prescribed under section 144B, namely, without issuing show cause notice to assessee, impugned order was to be quashed and set aside as non est. (AY. 2018-19)
Abacus Real Estate (P.) Ltd. v. Dy. CIT (2022) 284 Taxman 654 (Bom.)(HC) Editorial ;Dy. CIT v. Abacus Real Estate Pvt. Ltd. (2023)453 ITR 224 (SC),decision of the Bombay High Court is modified and matter remanded .
S. 144B : Faceless Assessment-Natural justice-No show cause notice was issued-Order passed without following mandatory procedure-Order was quashed. [Art. 226]