Assessment Order u/s 148A(b) of IT-Act not valid if escaped income is below Rs. 50 Lakhs: Delhi HC directs Readjudication

Assessment Order - IT-Act - escaped income - Delhi HC -Readjudicati- Taxscan

The Delhi High Court, based on the submissions of both sides, has directed the Assessing Officer to re-adjudicate the case again. The court ordered a personal hearing for the authoritative representatives of the petitioners. The petitioner/assessee has assailed via the instant writ petition, the order dated 20.07.2022 passed under Section 148A(d) of the Income Tax…

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