Documents to Defect of Zero Rated Supplies without Tax Payment Sufficiently annexed in Reply to Income Tax: Madras HC sets aside Assessment Order [Read Order]

The failure to consider the petitioner's submissions and documents rendered the assessment order unsustainable

By Navasree A.M - On April 12, 2024 3:26 pm - 2 mins read

Madras High Court - Income Tax - Zero Rated Supplies - Assessment Order - TAXSCAN

The Madras High Court has nullified an Income Tax Assessment order. In its ruling, the court highlighted that the documents pertaining to the issues of zero-rated supplies without tax payment and trade receivables were adequately included in the response to the income tax notice. The petitioner, subject to an audit of their returns for the…

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