Acknowledgment of ITO on filing Reply to Income Tax Notice: Madras HC quashes Proceedings on Escapement of Income [Read Order]

Madras HC quashed proceedings on escapement of income when there was document showing acknowledgement of ITO on filing reply to income tax notice

By Kalyani B. Nair - On January 16, 2024 7:06 am - 2 mins read

Acknowledgment of ITO - ITO - Income Tax Notice - Madras HC - Income - taxscan

The Madras High Court quashed proceedings on escapement of income when there was document showing acknowledgement of Income Tax Officer ( ITO ) on filing reply to income tax notice. A notice under Section 148 of the Income Tax Act, 1961 (Income Tax Act), was issued to the petitioner in respect of alleged escaped assessment…

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