Allowing the petition the Court held that the ex parte reassessment order was passed without any further notice in terms of section 142(1). Under the new regime, though the assessing authority remained faceless at the same time could not act mindless of the procedural law. The rules of natural justice were completely broken. The matter is remanded to decide in accordance with law. (AY. 2016-17)
V. S. Finance Ltd. v. CCIT (2025) 473 ITR 722 (All)(HC)
S. 148A: Reassessment-Conducting inquiry, providing opportunity before issue of notice-Faceless Assessment-Ex-parte order-Notice was not in manner provided-Matter remanded. [S. 142(1),144B, 147, 148, 148A(b), 148A(d), Art. 226]
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