ITAT dismisses Reassessment as AO fails to Pass Assessment Order within 4 weeks from Rejection of Taxpayers’ Objection [Read Order]

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) dismissed reassessment as Assessing Officer ( AO ) failed to pass assessment Order within 4 weeks from rejection of taxpayers' objection.
ITAT - Reassessment AO Pass Assessment Order Rejection Taxpayers Objection - TAXSCAN

The Kolkata bench of the Income Tax Appellate Tribunal (ITAT) dismissed reassessment as Assessing Officer ( AO ) failed to pass assessment Order within 4 weeks from rejection of taxpayers’ objection. The brief facts of the case are that an information was received from the Investigation Wing pursuant to a survey and search action carried…

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