ITAT Rules Federal Bank’s Appeal Not Maintainable Following High Court’s Order to Reassess [Read Order]
The High Court ruled that the AO must pass a fresh order after providing the assessee with an opportunity to present its case. As a result, the original assessment order ceased to exist, rendering the PCIT’s revision order irrelevant.
By Adwaid M S - On March 6, 2025 9:19 pm - 2 mins read
The Income Tax Appellate Tribunal (ITAT) Cochin Bench has dismissed the appeal filed by Federal Bank, a well-known private sector bank in India, after the Kerala High Court set aside the assessment order and directed a fresh assessment. The tribunal ruled that since the original assessment order no longer existed, the revision order passed by…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
